SSE/EFI Working Paper Series in Economics and Finance
No 443:
What if the Fed Had Been an Inflation Nutter?
Paul Söderlind ()
Abstract: A structural rational expectations model of U.S. monetary
policy is used to make a counterfactual experiment of a strongly inflation
averse Federal Reserve Bank. Results for U.S. interest rates, output, and
inflation over 1965-1999 are discussed.
Keywords: Optimal monetary policy; rational expectations; Kalman filter; (follow links to similar papers)
JEL-Codes: E31; E43; E52; (follow links to similar papers)
7 pages, April 19, 2001
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