FOMC in 1998: Can It Get Any Better Than This? (ICPSR 1210)

Version Date: May 2, 2000

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Principal Investigator(s):
David C. Wheelock, Federal Reserve Bank of St. Louis

https://doi.org/10.3886/ICPSR01210.v1

Version V1

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Summary

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.

Citation

Wheelock, David C. FOMC in 1998:  Can It Get Any Better Than This? Inter-university Consortium for Political and Social Research [distributor], 2000-05-02. https://doi.org/10.3886/ICPSR01210.v1

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Subject Terms

Geographic Coverage

Distributor(s)

Inter-university Consortium for Political and Social Research
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Time Period(s)

1998

Data Collection Notes

  1. The data file is called 9907DWD.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(s) if further information is desired.

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Original Release Date

2000-05-02

Version History

2018-02-15 The citation of this study may have changed due to the new version control system that has been implemented. The previous citation was:

  • 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

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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.

  • The public-use data files in this collection are available for access by the general public. Access does not require affiliation with an ICPSR member institution.

  • ICPSR usually offers files in multiple formats for researchers to be able to access data and documentation in formats that work well within their needs. If you have questions about the accessibility of materials distributed by ICPSR or require further assistance, please visit ICPSR’s Accessibility Center.