Estimated Effects of the Oct. 1979 Change in Monetary Policy on the 1980 Economy
利用美国经济模型模拟，估计1979年10月美联储货币政策变化对1980-81年经济的影响。
On October 6. 1979, the Federal Reserve announced what most people interpreted as a change in monetary policy. The purpose of this paper is to estimate the effects of this change on the 1980-81 economy. The effects of the change are estimated from simulations with my model of the U.S. economy (1976, 1980b).