What if the Fed Had Been an Inflation Nutter?

Paul Söderlind

No 443, SSE/EFI Working Paper Series in Economics and Finance from Stockholm School of Economics

Abstract: A structural rational expectations model of U.S. monetary policy is used to make a counterfactual experiment of a strongly inflation averse Federal Reserve Bank. Results for U.S. interest rates, output, and inflation over 1965-1999 are discussed.

Keywords: Optimal monetary policy; rational expectations; Kalman filter (search for similar items in EconPapers)
JEL-codes: E31 E43 E52 (search for similar items in EconPapers)
Pages: 7 pages
Date: 2001-04-19
New Economics Papers: this item is included in nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Journal Article: What if the Fed had been an inflation nutter? (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:hastef:0443

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