Work

Measuring Monetary Policy Inertia in Target Fed Funds Rate Changes

Year: 1999

Type: article

Abstract: Recent research has grappled with an apparent paradox: Why would a central bank that is focused primarily on inflation control exhibit signs of inertia when making policy adjustments? The author argues that fully characterizing the policy inertia is a precondition towards resolving the apparent paradox.

DOI: 10.20955/r.81.3-10

Author: Michael J. Dueker

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2120836624

FWCI: 2.606

Cites: 11

Cited by: 51

Related to: 10