Gavin, William Thomas; Cooke, Diana A. - In: Review 97 (2015) 1, pp. 1-24
monetary policy returns to normal. The first regime is a return to the high and volatile inflation rate of the 1970s. The … inflation policy that characterized the U.S. economy from 1983 to 2007, a period known as the Great Moderation. The third regime …, consumer price index inflation, the policy rate, and the 10-year government bond rate. These models are used to forecast the U …
