N1 - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T10:56:49+00:00Perhaps the FOMC Did What It Said It Did: An Alternative Interpretation of the Great Inflation
https://www.bankofcanada.ca/2007/03/working-paper-2007-19/
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 U.S. monetary policy and in the implied central-bank target for inflation. Empirical results support a description of policy with an effective inflation target of roughly 7 percent in the 1970s.2007-03-06T15:15:41+00:00enPerhaps the FOMC Did What It Said It Did: An Alternative Interpretation of the Great Inflation2007-03-06Central bank researchMonetary aggregatesMonetary policy implementationWorking Paper 2007-19 https://www.bankofcanada.ca/wp-content/uploads/2010/03/wp07-19.pdfPerhaps the FOMC Did What It Said It Did: An Alternative Interpretation of the Great InflationSharon KozickiP. A. TinsleyMarch 2007EE3E5NN1