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The U.S. economy: are analysts missing the point?

João Marcus M. Nunes ()

Brazilian Journal of Political Economy, 1998, vol. 18, issue 1, 43-56

Abstract: The conventional view on the U.S. economy is that economic growth above“potential” is bad for bonds since it spells inflation. The purpose of this note is to show thatfollowing the Volker deflation (l980-82), the policy regime changed, and greater economicstability obtained. JEL Classification: E43; E44; G10.

Keywords: Interest rates; bond Market; Fed (search for similar items in EconPapers)
Date: 1998
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