Money, Monetary Policy, and Monetarism Monetarism

Kamran Dadkhah ()
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Kamran Dadkhah: Northeastern University

Chapter Chapter 9 in The Evolution of Macroeconomic Theory and Policy, 2009, pp 179-199 from Springer

Abstract: Early in 1979 inflation rate in the United States reached 10% and there were no signs of let up on the horizon; indeed, it would reach 14% in 1980 before subsiding (Fig. 9.1). If one relied on estimates of the Phillips curve, another Great Depression Great Depression would be needed to get rid of inflation. Past expansionary policies were bearing fruit.

Keywords: Interest Rate; Monetary Policy; Central Bank; Inflation Rate; Federal Reserve (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-77008-4_9

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DOI: 10.1007/978-3-540-77008-4_9

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