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The ups and downs of inflation and the role of Fed credibility

This look at interest rates and inflation in the U.S. over the past 50 years helps to clarify ideas about the Fed’s monetary policy and its own credibility. The authors examine three periods corresponding to three different policies: when the Fed operated without credibility, when it was earning credibility and when it was operating with credibility.
Year of publication:
2014
Authors: Gavin, William Thomas ; Cooke, Diana A.
Published in:
The Regional Economist. - Federal Reserve Bank of St. Louis. - 2014, April, 6
Publisher: Federal Reserve Bank of St. Louis
Extent:
application/pdf
Type of publication: Article
Source:
Persistent link: https://www.econbiz.de/10010765405
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