๐”– Bobbio Scriptorium
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CONTRACTIVE FEATURES OF RECENT FEDERAL RESERVE POLICY

โœ Scribed by Paul Simpson


Book ID
115201702
Publisher
Oxford University Press
Year
1964
Tongue
English
Weight
153 KB
Volume
2
Category
Article
ISSN
0095-2583

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## Abstract In this paper we model and explain US macroeconomic outcomes subject to the discipline that monetary policy is set optimally. Exploiting the restrictions that come from optimal policymaking, we estimate the parameters in the Federal Reserve's policy objective function together with the