Consider the following simple monetary rules estimated for two different periods, 1969-1985 and 1985-2005, and interpret each rule. During which period does the Fed appear to be most anti- inflation? Explain your answer.
Consider the following simple monetary rules estimated for two different periods, 1969-1985 and 1985-2005, and interpret each rule. During which period does the Fed appear to be most anti- inflation? Explain your answer.
Chapter16: Monetary Policy
Section: Chapter Questions
Problem 13SQ
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