Owyang, Michael T. (contributor) - 2002 - [Elektronische Ressource]
Bank of St. Louis*
411 Locust Street
St. Louis, MO 63102, U.S.A.
July 26, 2002
ABSTRACT
Recently, models of monetary policy … monetary policy change, but switching the
policy rule and the economy's subsequent response can in and of itself alter the
path … of the economy. We find the switch itself can generate disinflationary
dynamics.
Keywords: Monetary policy, regime …