Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 2, 2005 erstellt
Description:
This paper uses real-time briefing forecasts prepared for the Federal Open Market Committee (FOMC) to provide estimates of historical changes in the design of US monetary policy and in the implied central bank target for inflation. Empirical results and FOMC transcripts support a neglected interpretation of policy during the Great Inflation of the 1970s