Estimated Effects of the October 1979 Change in Monetary Policy on the 1980 Economy
16 Pages Posted: 4 Sep 2006 Last revised: 24 May 2009
Date Written: August 1980
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: Suggested Citation