Statistical problem with measuring monetary policy with application to the current crisis
Repository
Statistical problem with measuring monetary policy with application to the current crisis
| Title: | Statistical problem with measuring monetary policy with application to the current crisis |
| Author: | Pappoe, Naakorkoi |
| Abstract: | This report reviews the 2007 financial crisis and the actions of the Federal Reserve. The Full Employment Act of 1946 and the "Humphrey-Hawkins" Act guides the Fed's actions. These two laws outline the long-term goals of the monetary policy framework the Fed uses; however, the framework lacks principles for achieving the mandated long term goals such as reliable, complete data. This report looks at the use of model-based forecasting and gives recommendations for principles which will strengthen the preexisting monetary framework. |
| Department: | LBJ School of Public Affairs |
| Subject: |
Autoregression
Federal Reserve Quadratic-linear control model Financial crisis United States Monetary policy Forecasting |
| URI: | http://hdl.handle.net/2152/ETD-UT-2010-05-1127 |
| Date: | 2010-05 |
Files in this work
This work appears in the following Collection(s)
-
UT Electronic Theses and Dissertations
ETD is a collection of UT Austin authored electronic dissertations.