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Author:Walsh, Carl E. 

Journal Article
Projecting deficits

FRBSF Economic Letter

Journal Article
Monetary policy in New Zealand

FRBSF Economic Letter

Journal Article
What caused the 1990-1991 recession?

This article decomposes U.S. GDP into components associated with major macroeconomic disturbances in order to identify the likely causes of the 1990 recession. Four types of disturbances--aggregate supply, aggregate spending, money demand and money supply--are identified in the empirical analysis. The results suggest the general slowing of the economy relative to trend prior to the actual downturn was due to restrictive monetary policy. Aggregate spending factors turned contractionary in mid-1990, however, and accounted for most of the subsequent decline in GDP during the rest of 1990.
Economic Review

Journal Article
Federal Reserve independence and the Accord of 1951

FRBSF Economic Letter

Journal Article
U.S. inflation targeting: pro and con

FRBSF Economic Letter

Journal Article
Are contemporary central banks transparent about economic models and objectives and what difference does it make? - commentary

Review , Volume 84 , Issue Jul , Pages 37-46

Journal Article
Selling government assets

FRBSF Economic Letter

Journal Article
Changes in the business cycle

FRBSF Economic Letter

Journal Article
Financial intermediation, monetary policy, and equilibrium business cycles

Economic Review , Issue Fall , Pages 19-28

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Monetary policy - New Zealand 8 items

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