Federal Reserve's First Monetary Policy Report for 1979: Hearings Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, Ninety-sixth Congress, First Session ... February 20 and 23, 1979 |
From inside the book
Results 1-5 of 37
Page 4
... cycle compared to prior cycles . This cycle looks very much like the others except that toward the end of the fourth year it seems to be on an upswing and has momentum , rather than the tendency to tail off as was typical of prior economic ...
... cycle compared to prior cycles . This cycle looks very much like the others except that toward the end of the fourth year it seems to be on an upswing and has momentum , rather than the tendency to tail off as was typical of prior economic ...
Page 5
... cycle . In the lower panel , we see the trend in State and local government purchases of goods and services in 1972 ... cycles , for several reasons : demographics again ; plus social change that has brought more women into the labor ...
... cycle . In the lower panel , we see the trend in State and local government purchases of goods and services in 1972 ... cycles , for several reasons : demographics again ; plus social change that has brought more women into the labor ...
Page 7
... cycle which has caused substantial increases in beef prices . Energy has continued to be a substantial component of inflation and will be so again in 1979 with OPEC price increases and the uncertainty in Iran . The bottom panel shows ...
... cycle which has caused substantial increases in beef prices . Energy has continued to be a substantial component of inflation and will be so again in 1979 with OPEC price increases and the uncertainty in Iran . The bottom panel shows ...
Page 21
... cycle for those coming to the labor force who don't have appropriate skills , who haven't had the opportunity to gain work experience , and who are therefore sort of in limbo for far too long a period . The CHAIRMAN . The fact private ...
... cycle for those coming to the labor force who don't have appropriate skills , who haven't had the opportunity to gain work experience , and who are therefore sort of in limbo for far too long a period . The CHAIRMAN . The fact private ...
Page 22
... cycle . Your chart shows big deficits during this whole period of recovery . The burden of restraint will probably fall upon monetary policy . How restrictive will your policies be ? For example , in the area of homebuilding and ...
... cycle . Your chart shows big deficits during this whole period of recovery . The burden of restraint will probably fall upon monetary policy . How restrictive will your policies be ? For example , in the area of homebuilding and ...
Other editions - View all
Common terms and phrases
acceleration accounts Administration aggregate demand annual rate balance billion budget central bank CHAIRMAN Chart Congress costs cycle deficit deposits dollar DRI forecast DRI model effects Ex-Post Real Expected Real February 19 Fed officials Fed target range Federal funds rate Federal Reserve Federal Reserve System fiscal policy foreign exchange markets fourth quarter goals Government growth rates HEINEMANN higher Housing Starts impact income increase inflation rate inflationary Interim Control KANE loan long-run Low Money Growth M₁ MILLER moderate monetary aggregates monetary base monetary expansion monetary growth monetary policy Money Growth Simulations money stock money supply months Morgan Stanley mortgage nominal interest rates past period political productivity rate of inflation rate of monetary real economic growth real GNP real interest rates recent recession reduced repurchase agreements restraint rising sector Senator TSONGAS short-term interest rates SINAI slow spending stability trend U.S. economy unemployment rate wage