The policy preferences of the US Federal Reserve
نویسندگان
چکیده
منابع مشابه
FEDERAL RESERVE BANK OF SAN FRANCISCO WORKING PAPER SERIES The Policy Preferences of the U.S. Federal Reserve
In this paper we model and explain US macroeconomic outcomes subject to the discipline that monetary policy is set optimally. Exploiting the restrictions that come from optimal policymaking, we estimate the parameters in the Federal Reserve’s policy objective function together with the parameters in its optimization constraints. For the period following Volcker’s appointment as chairman, we est...
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چکیده ندارد.
15 صفحه اولLearning about Policy from Federal Reserve History
For much of the past 15 years, my assistants and I have been reading minutes and papers in the National Archives, the Board of Governors, and the New York Federal Reserve Bank. I owe a debt of appreciation to the Board’s librarians, to the achivists at the New York bank, to my several assistants, and to many at the Fed who cooperated helpfully to make this project come to completion. The result...
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ژورنال
عنوان ژورنال: Journal of Applied Econometrics
سال: 2006
ISSN: 0883-7252,1099-1255
DOI: 10.1002/jae.808