Document Type
Discussion Paper
Publication Date
4-1-1994
CFDP Number
1071
CFDP Pages
17
Abstract
This paper estimates the amount by which the effectiveness of monetary policy in changing real output has declined due to the increased size of the federal government debt.
Recommended Citation
Fair, Ray C., "Is Monetary Policy Becoming Less Effective?" (1994). Cowles Foundation Discussion Papers. 1314.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/1314