Measuring Monetary Policy Inertia in Target Fed Funds Rate Changes

Abstract

Recent research has grappled with an apparent paradox: Why would a central bank that is focused primarily on inflation control exhibit signs of inertia when making policy adjustments? The author argues that fully characterizing the policy inertia is a precondition towards resolving the apparent paradox.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 51 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.