Perhaps the FOMC did what it said it did: an alternative interpretation of the Great Inflation
Sharon Kozicki () and
No RWP 05-04, Research Working Paper from Federal Reserve Bank of Kansas City
This paper uses real-time briefing forecasts prepared for the Federal Open Market Committee (FOMC) to provide estimates of historical changes in the design of US monetary policy an in the implied central bank target for inflation. Empirical results and FOMC transcripts support a neglected interpretation of policy during the Great inflation of the 1970?s
Keywords: Federal; Open; Market; Committee (search for similar items in EconPapers)
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Working Paper: Perhaps the FOMC Did What It Said It Did: An Alternative Interpretation of the Great Inflation (2007)
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