Interest Rate Policy and the Inflation Scare Problem: 1979-1992

23 Pages Posted: 9 Nov 2012

See all articles by Marvin Goodfriend

Marvin Goodfriend

Carnegie Mellon University - David A. Tepper School of Business; National Bureau of Economic Research (NBER)

Date Written: 1993

Abstract

Institutional knowledge of Federal Reserve policy procedures, simple economic theory, and the inflation scare concept explain interest rate policy as practiced by the Fed since 1979. The focus is the primary policy problem during the period: the acquisition and maintenance of credibility for the commitment to low inflation.

Suggested Citation

Goodfriend, Marvin, Interest Rate Policy and the Inflation Scare Problem: 1979-1992 (1993). FRB Richmond Economic Quarterly, vol. 79, no. 1, Winter 1993, pp. 1-23. Available at SSRN: https://ssrn.com/abstract=2129296

Marvin Goodfriend (Contact Author)

Carnegie Mellon University - David A. Tepper School of Business ( email )

5000 Forbes Avenue
Pittsburgh, PA 15213-3890
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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