Estimated Effects of the October 1979 Change in Monetary Policy on the 1980 Economy
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NBER Working Paper No. 538 (Also Reprint No. r0179)
Issued in July 1981
NBER Program(s): EFG
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).
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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