Of Soft, Hard and Aborted Landings

Erin Henry, Pierre Daniel Sarte and Jack Taylor
Additional contact information
Jack Taylor: https://www.richmondfed.org/research/people/taylor

Richmond Fed Economic Brief, 2024, vol. 24, issue 02

Abstract: In this article, we compare two rate cycles from the 1980s (one of which resulted in a soft landing) with our current rate cycle. We describe the type of landing that resulted from each rate cycle through changes in the federal funds target rate, inflation, unemployment and consumption growth. Importantly, since monetary policy is not carried out in a vacuum, we underscore the importance of external shocks in affecting the economy and, ultimately, in determining (along with monetary policy) the rigidity of the landing.

Keywords: rate cycle; soft landing; inflation; monetary policy (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.richmondfed.org/publications/research/economic_brief/2024/eb_24-02 Briefing (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedreb:97554

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Richmond Fed Economic Brief from Federal Reserve Bank of Richmond Contact information at EDIRC.
Bibliographic data for series maintained by Christian Pascasio ().