On October 6. 1979, the Federal Reserve announced what most people interpreted as a change in monetary policy. The purpose of this paper is to estimate the effects of this change on the 1980-81 economy. The effects of the change are estimated from simulations with my model of the U.S. economy (1976, 1980b).

Ray C* Fair

English

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Estimated Effects of the October 1979 Change in Monetary Policy on the 1980 Economy

Estimated Effects of the October 1979 Change in Monetary Policy on the 1980 Economy

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Research Papers in Economics