Journal Article

Maintaining a low inflation environment


Abstract: An examination of monetary policy actions before and after 1982, illustrating that prompt federal funds rate increases aimed at maintaining a low inflation environment are associated with subsequent robust economic growth, not with weak growth, as is commonly thought.

Keywords: Inflation (Finance); Monetary policy;

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 1997

Issue: Mar

Order Number: 1