NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

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

Ray C* Fair

NBER Working Paper No. 538 (Also Reprint No. r0179)
Issued in August 1980
NBER Program(s):Economic Fluctuations and Growth

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).

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Document Object Identifier (DOI): 10.3386/w0538

Published: Fair, Ray C. "Estimated Effects of the October 1979 Change in Monetary Policy on the 1980 Economy." The American Economic Review, Vol. 71, No. 2, (May 1981), pp. 160-165.

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