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Author:Judd, John P. 

Journal Article
M1 and monetary policy

FRBSF Economic Letter

Journal Article
Controlling inflation with an interest rate instrument

In this paper we examine the effectiveness in controlling long-run inflation of feedback rules for monetary policy that link changes in a short-term interest rate to an intermediate target for either nominal GDP or M2. We conclude that a rule aimed at controlling the growth rate of nominal GDP with an interest rate instrument could be an improvement over a purely discretionary policy. Our results suggest that the rule could provide better long-run control of inflation without increasing the volatility of real GDP or interest rates. Moreover, such a rule could assist policymakers even if it ...
Economic Review

Journal Article
Unemployment and inflation

FRBSF Economic Letter

Journal Article
What does unemployment tell us about future inflation?

Economic Review , Issue Sum , Pages 15-26

Journal Article
Has the Fed gotten tougher on inflation?

FRBSF Economic Letter

Journal Article
Describing Fed behavior

FRBSF Economic Letter

Journal Article
Nominal feedback rules for monetary policy

Economic Review , Issue Sum , Pages 3-17

Journal Article
Downgrading M1

FRBSF Economic Letter

Journal Article
The goals of U.S. monetary policy

FRBSF Economic Letter

Journal Article
Unemployment-rate dynamics: aggregate-demand and -supply interactions

Economic Review , Issue Fall , Pages 20-37

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