Perhaps the FOMC Did What it Said it Did : An Alternative Interpretation of the Great Inflation

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 US monetary policy and in the implied central bank target for inflation. Empirical results and FOMC transcripts support a neglected interpretation of policy during the Great Inflation of the 1970s

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Year of publication:	2005
Authors:	Kozicki, Sharon ; Tinsley, Peter A.
Publisher:	[S.l.] : SSRN
Subject:	Inflation \| Geldpolitik \| Monetary policy \| Inflationssteuerung \| Inflation targeting \| Asymmetrische Information \| Asymmetric information

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