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Principal Investigator(s): Wheelock, David C., Federal Reserve Bank of St. Louis
This article explores how the Federal Open Market Committee (FOMC) largely contributed to the solid performance of the United States economy in 1998. The author discusses how the FOMC focused on domestic spending growth, tight labor markets, and increasing money stock growth to create a monetary policy that prevented increase in domestic demand. Further, the data illustrate how the committee also eased policy to accommodate the increasing demand for liquidity caused by Russia's default on its domestic debt and economic weaknesses in Asia and Latin America.
These data are flagged as replication datasets and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.
These data are freely available.
Wheelock, David C. FOMC in 1998: Can It Get Any Better Than This?. ICPSR01210-v1. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2000-05-02. http://doi.org/10.3886/ICPSR01210.v1
Persistent URL: http://doi.org/10.3886/ICPSR01210.v1
Scope of Study
Geographic Coverage: United States
Data Collection Notes:
The data file is called 9907DWD.XLS.
These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.
Original ICPSR Release: 2000-05-02
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