Is monetary policy becoming less effective?

This paper estimates the amount by which the effectiveness of monetary policy in changing real output for a given change in interest rates has declined due to the increased size of the federal government debt.

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Year of publication:	1995
Authors:	Fair ; Ray C.
Institutions:	Federal Reserve Bank of San Francisco
Subject:	Monetary policy - United States \| Debts \| Public \| Econometric models

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Extent:	application/pdf
Series:	Working Papers in Applied Economic Theory.
Type of publication:	Book / Working Paper
Notes:	Published in Conference on Monetary Policy in a Changing Financial Environment Number 95-05
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005401534