The U.S. economy: are analysts missing the point?
The conventional view on the U.S. economy is that economic growth above“potential” is bad for bonds since it spells inflation. The purpose of this note is to show thatfollowing the Volker deflation (l980-82), the policy regime changed, and greater economicstability obtained. JEL Classification: E43;...
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| Format: | article |
| Status: | Published version |
| Publication Date: | 1998 |
| Country: | Brasil |
| Institution: | EDITORA 34 |
| Repository: | Revista de Economia Política |
| Language: | English |
| OAI Identifier: | oai:ojs2.centrodeeconomiapolitica.org:article/1121 |
| Online Access: | https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1121 |
| Access Level: | Open access |
| Keyword: | Taxas de juros bond market Fed Interest rates bond Market |
| Summary: | The conventional view on the U.S. economy is that economic growth above“potential” is bad for bonds since it spells inflation. The purpose of this note is to show thatfollowing the Volker deflation (l980-82), the policy regime changed, and greater economicstability obtained. JEL Classification: E43; E44; G10. |
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