THE FEDERAL RESERVE'S DUAL MANDATE AND THE INFLATION‐UNEMPLOYMENT TRADEOFF.

Using Federal Open Market Committee (FOMC) transcripts from 1960 to 2010, this paper examines the evolution of the Committee's approach to the inflation‐unemployment tradeoff. We find: (1) FOMC discussions have increasingly emphasized inflation relative to unemployment and (2) this shift occurred du...

Full description

Bibliographic Details

Published in:	Contemporary Economic Policy Vol. 37; no. 4; pp. 641 - 652
Main Authors:	Kaya, Ayse, Golub, Stephen, Kuperberg, Mark, Lin, Feng
Format:	Article
Published:	Wiley-Blackwell Oct2019
Subjects:	United States. Federal Open Market Committee Federal funds market (U.S.) Taylor's rule
Online Access:	View this record in EBSCOhost