An Econometric Analysis of the Effect of Monetary Policy on Output

Authors

Michael Gould, Brigham Young University
Dr. David E. Spencer, Brigham Young University

Keywords

monetary policy, output, investment spending, economic recovery

College

Family, Home, and Social Sciences

Department

Economics

Abstract

In December 1996, Federal Reserve Chairman Alan Greenspan spoke of “irrational exuberance” fueling investment spending to unsustainable levels.¹ The pressure of the investment bubble and an extraordinarily tight labor market required the Fed to intervene to combat inflationary pressures which could have destabilized our economy.

Recommended Citation

Gould, Michael and Spencer, Dr. David E. (2014) "An Econometric Analysis of the Effect of Monetary Policy on Output," Journal of Undergraduate Research: Vol. 2014: Iss. 1, Article 186.
Available at: https://scholarsarchive.byu.edu/jur/vol2014/iss1/186