How the Fed affects the economy: a look at systematic monetary policy

Michael Dotsey

Business Review, 2004, issue Q1, 6-15

Abstract: Until recently, when assessing the economic effects of monetary policy, economists have emphasized the role of unanticipated changes in policy. But are these policy shocks likely to be the most important influence on the economy? Mike Dotsey believes not. It seems more likely that the Fed's systematic behavior plays a bigger part in what happens in the U.S. economy. In \\"How the Fed Affects the Economy: A Look at Systematic Monetary Policy,\\" Dotsey explains the ways in which systematic policy influences economic activity

Keywords: Monetary; policy (search for similar items in EconPapers)
Date: 2004
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