Federal Reserve Bank of Chicago
Soft landings on a bumpy runway
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.
Cite this item
Francesca Eugeni & Charles L. Evans, "Soft landings on a bumpy runway"
, Federal Reserve Bank of Chicago, Economic Perspectives, issue May, pages 14-27, 1996.
Keywords: Monetary policy - United States ; Monetary policy ; Recessions
This item with handle RePEc:fip:fedhep:y:1996:i:may:p:14-27:n:v.20no.3
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