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

NBER Working Paper No. w0538

16 Pages Posted: 4 Sep 2006 Last revised: 23 Dec 2022

See all articles by Ray C. Fair

Ray C. Fair

Yale University - Cowles Foundation; Yale School of Management - International Center for Finance

Date Written: August 1980

Abstract

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).

Suggested Citation

Fair, Ray C., Estimated Effects of the October 1979 Change in Monetary Policy on the 1980 Economy (August 1980). NBER Working Paper No. w0538, Available at SSRN: https://ssrn.com/abstract=264375

Ray C. Fair (Contact Author)

Yale University - Cowles Foundation ( email )

Box 208281
New Haven, CT 06520-8281
United States
203-432-3715 (Phone)
203-432-6167 (Fax)

HOME PAGE: http://fairmodel.econ.yale.edu

Yale School of Management - International Center for Finance ( email )

Box 208200
New Haven, CT 06520
United States
203-432-3715 (Phone)
203-432-6167 (Fax)

HOME PAGE: http://fairmodel.econ.yale.edu

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