## Abstract We use Bayesian methods to estimate changes in US postβwar monetary policy in the Smets and Wouters model. We perform the estimations by allowing for a break in monetary policy at the time of Volcker's appointment as chairman. This enables us to capture changes in the monetary policy re
William gibbs McAdoo and the development of the federal reserve
β Scribed by K. Dunleavy; C. Benzing
- Publisher
- Springer US
- Year
- 2003
- Tongue
- English
- Weight
- 185 KB
- Volume
- 9
- Category
- Article
- ISSN
- 1083-0898
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