The Resource Nominal Facts and the October 1979 Policy Change
Nominal Facts and the October 1979 Policy Change
Resource Information
The item Nominal Facts and the October 1979 Policy Change represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in Bates College.This item is available to borrow from 1 library branch.
Resource Information
The item Nominal Facts and the October 1979 Policy Change represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in Bates College.
This item is available to borrow from 1 library branch.
- Summary
- Researchers depend on observed regularities in macroeconomic data to guide the development of theory. One problem in developing monetary models of the business cycle is that there seems to be a great deal of instability in nominal data. Using data from 1959:Q1 to 1998:Q4, the authors document changes in the cyclical behavior of nominal data series that appear after 1979:Q3, when the Federal Reserve implemented a policy to end the acceleration of inflation. Such changes in cyclical behavior were not apparent in real variables. The authors conclude that in order to find regularities in nominal datasets, it may be necessary to examine and compare episodes with similar monetary policy regimes
- Note
- 1233
- Label
- Nominal Facts and the October 1979 Policy Change
- Title
- Nominal Facts and the October 1979 Policy Change
- Summary
- Researchers depend on observed regularities in macroeconomic data to guide the development of theory. One problem in developing monetary models of the business cycle is that there seems to be a great deal of instability in nominal data. Using data from 1959:Q1 to 1998:Q4, the authors document changes in the cyclical behavior of nominal data series that appear after 1979:Q3, when the Federal Reserve implemented a policy to end the acceleration of inflation. Such changes in cyclical behavior were not apparent in real variables. The authors conclude that in order to find regularities in nominal datasets, it may be necessary to examine and compare episodes with similar monetary policy regimes
- http://library.link/vocab/creatorName
-
- Gavin, William T
- Inter-university Consortium for Political and Social Research [distributor]
- http://library.link/vocab/relatedWorkOrContributorName
- Kydland, Finn E.
- Label
- Nominal Facts and the October 1979 Policy Change
- Note
- 1233
- Control code
- ICPSR01233.v1
- Governing access note
- Access restricted to subscribing institutions
- Label
- Nominal Facts and the October 1979 Policy Change
- Note
- 1233
- Control code
- ICPSR01233.v1
- Governing access note
- Access restricted to subscribing institutions
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.bates.edu/portal/Nominal-Facts-and-the-October-1979-Policy/qlUYe1q5KJQ/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.bates.edu/portal/Nominal-Facts-and-the-October-1979-Policy/qlUYe1q5KJQ/">Nominal Facts and the October 1979 Policy Change</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.bates.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.bates.edu/">Bates College</a></span></span></span></span></div>
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.bates.edu/portal/Nominal-Facts-and-the-October-1979-Policy/qlUYe1q5KJQ/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.bates.edu/portal/Nominal-Facts-and-the-October-1979-Policy/qlUYe1q5KJQ/">Nominal Facts and the October 1979 Policy Change</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.bates.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.bates.edu/">Bates College</a></span></span></span></span></div>
