Journal Article
Soft landings on a bumpy runway
Abstract: Our case study of the 1995 economic slowdown reveals that part of the widespread deterioration in economic indicators was predictable in light of 1994 monetary policy actions. But it was also partly unanticipated due to a modest adverse supply shock in the first quarter of 1995.
Keywords: Monetary policy - United States; Monetary policy; Recessions;
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Bibliographic Information
Provider: Federal Reserve Bank of Chicago
Part of Series: Economic Perspectives
Publication Date: 1996
Volume: 20
Issue: May