ICPSR Logo

This study is provided by ICPSR. ICPSR provides leadership and training in data access, curation, and methods of analysis for a diverse and expanding social science research community.

Measuring Monetary Policy Inertia in Target Fed Funds Rate Changes (ICPSR 1212) RSS

Principal Investigator(s):

Summary:

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? In this article, the author argues that fully characterizing the policy inertia is a precondition toward resolving the apparent paradox. This research presents empirical estimates of adjustments to the target fed funds rate that take into account two facets of policy inertia: a partial-adjustment mechanism and thresholds for making discrete changes to the target fed funds rate. With a more complete picture of the policy inertia, subsequent research can investigate whether policy appears to display either too much or the right amount of inertia.

Access Notes

  • 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.

Dataset(s)

Dataset - Download All Files (0.1 MB)
Data:

Study Description

Citation

Dueker, Michael. Measuring Monetary Policy Inertia in Target Fed Funds Rate Changes. ICPSR01212-v1. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2005-05-03. http://doi.org/10.3886/ICPSR01212.v1

Persistent URL:

Export Citation:

  • RIS (generic format for RefWorks, EndNote, etc.)
  • EndNote XML (EndNote X4.0.1 or higher)

Scope of Study

Subject Terms:   central banks, monetary policy, policy making

Geographic Coverage:   United States

Data Collection Notes:

(1) The files submitted are 9909md.wf1 and 9909md.xls. (2) 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 if further information is desired.

Methodology

Version(s)

Original ICPSR Release:  

Related Publications

Utilities

Metadata Exports

If you're looking for collection-level metadata rather than an individual metadata record, please visit our Metadata Records page.

Download Statistics

Found a problem? Use our Report Problem form to let us know.