Policy advice and policymaking at the federal reserve: Comment
โ Scribed by Jerry L. Jordan
- Book ID
- 116105134
- Publisher
- Elsevier Science
- Year
- 1980
- Weight
- 675 KB
- Volume
- 13
- Category
- Article
- ISSN
- 0167-2231
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
## 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
A number of recent studies have analyzed whether there is a political influence on monetary policy, focusing primarily on whether monetary policy becomes "easier" just prior to elections. In addition to exploring whether there exists an election period cycle in monetary policy, this article explores