Monetary Policy Tightening and Economic Landing

Azhar Iqbal

World Economics, 2022, vol. 23, issue 4, 1-30

Abstract: This article presents a new approach for estimating the optimal nominal interest rate and labels it the appropriate-FFR. The analysis suggests that the US Federal Reserve is behind the curve in the present cycle and also predicts a hard landing using both the FOMC and Blue Chip consensus forecasts. Given the historical accuracy of our method, we caution decision makers to consider the possibility of a hard landing in the near future.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:wej:wldecn:874

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