| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w2608 |
| 来源ID | Working Paper 2608 |
| Federal Reserve Behavior Since 1980: A Financial Markets Perspective | |
| William C. Melton; V. Vance Roley | |
| 发表日期 | 1988-06-01 |
| 出版年 | 1988 |
| 语种 | 英语 |
| 摘要 | The financial market's understanding of Federal Reserve behavior is used to examine recent changes in monetary policy. Changes in the level of interest rats in response to specific types of economic information are primarily considered. Differences in the volatility of interest rates across period provide additional evidence on changes in monetary policy regimes. The results indicate that monetary policy changed several times since 1980 with respect to either the Federal Reserve's targets, its desire to achieve its targets, or its operating procedures. The different regimes correspond to Federal Reserve statements about changes in policy. In this context, then, the evidence suggests that policy was credible. |
| 主题 | Macroeconomics |
| URL | https://www.nber.org/papers/w2608 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/559863 |
| 推荐引用方式 GB/T 7714 | William C. Melton,V. Vance Roley. Federal Reserve Behavior Since 1980: A Financial Markets Perspective. 1988. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w2608.pdf（828KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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