Estimated Effects of the October 1979 Change in Monetary Policy on the 1980 Economy / Ray C* Fair.
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Working Paper | Biblioteca Digital | Colección NBER | nber w0538 (Browse shelf(Opens below)) | Not For Loan |
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August 1980.
On October 6. 1979, the Federal Reserve announced what most people interpreted as a change in monetary policy. The purpose of this paper is to estimate the effects of this change on the 1980-81 economy. The effects of the change are estimated from simulations with my model of the U.S. economy (1976, 1980b).
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