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Relative to a standard calibration of a Taylor rule, how can we describe the tightening Volcker engaged in in the early 1 9 8 0

Relative to a standard calibration of a Taylor rule, how can we describe the tightening Volcker engaged in in the early

1980

?

Why?

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Paul Volcker as the Chairman of the Federal Reserve from 1979 to 1987 implemented a significant tightening of monetary policy in the early 1980s often ... blur-text-image

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