The bond rate and estimated monetary policy rules

Article Abstract:

Why monetary policy rules indicated funds rate target were more responsive to inflation after 1979 than before this period, is explained. This paper shows that the Federal Reserve Board reacted to long-term inflationary expections as was reflected in the behavior of the long-term bond.

Statistical Data Included, United States. Federal Reserve Board, Bonds, Bonds (Securities), Powers and duties

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UK inflation in the 1970s and 1980s: the role of output gap mismeasurement

Article Abstract:

Errors were made in measuring output gap in the United Kingdom in the 1970s and 1980s which contributed to errors in monetary policy. Other reasons for monetary policy error were also found.

United Kingdom, Science & research, History

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Looking back at forward-looking monetary policy

Article Abstract:

Research information regarding monetary policy is given. The paper uses real time estimates of future inflation to estimate Taylor rule type reaction functions for monetary policy.

Administration of General Economic Programs, Currency Stabilization Programs, Currency stabilization

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