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The Fed and the New Economy

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NBER2002-02-01 更新2025-01-04 收录
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This paper seeks to understand the behavior of Greenspan's Federal Reserve in the late 1990s. Some authors suggest that the Fed followed a simple 'Taylor rule,' while others argue that it deviated from such a rule because it recognized that the 'New Economy' permitted an easing of policy. We find

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2002-02-01
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