The Making of Hawks and Doves: Inflation Experiences on the FOMC
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We show that personal experiences of inflation strongly influence the hawkish or dovish leanings of central bankers. For all members of the Federal Open Market Committee (FOMC) since 1951, we estimate an adaptive learning rule based on their lifetime inflation data. The resulting experience-based
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美国国家经济研究局创建时间：
2017-03-01
