The Impact of the Federal Reserve System's Monetary Policies on the Nation's Economy (second Report): Staff Report of the Subcommittee on Domestic Monetary Policy of the Committee on Banking, Finance and Urban Affairs, House of Representatives, 96th Congress, Second Session
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3-YEAR NON-OVERLAPPING PERIODS 3-year nonoverlapping accelerated money growth actual value ANNUAL PERCENTAGE CHANGE average yearly percentage billion changes in MlB changes in money Chart CHG-CON$GNP CHG-GNPDEF CHG-M1B constant dollar GNP deceleration DEMAND equations dependent variable dollar GNP growth dollar value economy economy's equation's estimated Federal funds rate Federal Reserve fiscal drag forecast four quarters ending GNP deflator GNP price deflator growth and inflation hypotheses impact imported oil landed inflationary input interest rates JIM MATTOX long run measured MlB growth MlB's velocity monetary policy money supply nonoverlapping periods October open market operations output percent percentage growth pilot period post Korean price of imported quarter of 1976 quarter periods rate of inflation rate of rise real GNP growth recession reduced form equations regressions whose results reported in Column Reserve's results are reported revenues standard error statistics Strategy-1 target range third quarter unemployment value of GNP YEARLY PERCENTAGE CHANGE