Diebold, Francis X. (contributor); … - 2003 - [Elektronische Ressource]
observable macroeconomic variables (specifically, real activity,
inflation, and the monetary policy instrument). Our goal is to …, the level of real economic activity relative to potential, the monetary policy instrument, and
the inflation rate, which …
“monetary policy inertia”; instead, it reflects serially correlated unobserved factors to which the Fed
responds.
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There is a …