Susan R. Roesch
Abstract
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During 1974 many uncertainties existed in the implementation of monetary policy. Foremost was the likely course of economic activity during the year. Economic forecasters, both private and government, badly misjudged actual economic developments. Forecasts throughout the year were quite varied and were frequently revised.
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During 1974 many uncertainties existed in the implementation of monetary policy. Foremost was the likely course of economic activity during the year. Economic forecasters, both private and government, badly misjudged actual economic developments. Forecasts throughout the year were quite varied and were frequently revised.
Key concepts: Monetary policy, Economics, Monetary economics, Keynesian economics