This study offers a historical review of the monetary policy reform of October 6, 1979, and discusses the influences behind it and its significance. We lay out the record from the start of 1979 through the spring of 1980, relying almost exclusively upon contemporaneous sources, including the...

Geldpolitik und Deregulierung der Finanzmärkte in den USA Diese Studie untersucht, ob die kontinuierliche Innovation und Deregulierung der Finanzmärkte in den Vereinigten Staaten von Amerika Ende der siebziger und zu Beginn der achtziger Jahre eine potentielle Quelle beachtlicher...

In our last report to this committee, we noted that we had changed our fore-casting methodology, and were updating our data set each month to reflect the data that existed at that time, and then constructed truly ex-ante forecasts based on these data sets. Our analysis of the behavior of...