Journal Article
The efficacy of monetary policy: a tale from two decades
Abstract: Little difference in economic performance during the past two decades?is consistent with the theoretical and empirical evidence that monetary policy has no permanent effect on real variables.
Access Documents
File(s):
File format is application/pdf
https://fraser.stlouisfed.org/title/economic-synopses-6715/efficacy-monetary-policy-624359
Description: Full text
Authors
Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: Economic Synopses
Publication Date: 2012
Order Number: 18