Disambiguation evidence for the "Volcker shock" in U.S. monetary policy via surface form
"Volcker shock"
As subject (49)
Triples where this entity appears as subject under the
label "Volcker shock".
| Predicate | Object |
|---|---|
| appliedBy |
Federal Reserve System
ⓘ
surface form:
Federal Reserve
|
| characterizedBy | contraction of money growth ⓘ |
| characterizedBy | high nominal interest rates ⓘ |
| characterizedBy | high real interest rates ⓘ |
| characterizedBy | sharp interest rate hikes ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| criticizedFor | causing unnecessary output losses ⓘ |
| criticizedFor | disproportionate impact on blue-collar workers ⓘ |
| criticizedFor | disproportionate impact on indebted farmers ⓘ |
| economicConsequence | deep recession ⓘ |
| economicConsequence | farm sector distress ⓘ |
| economicConsequence | high unemployment ⓘ |
| economicConsequence | housing market downturn ⓘ |
| economicConsequence | increased bankruptcies ⓘ |
| economicConsequence | manufacturing sector contraction ⓘ |
| endTime | 1982 ⓘ |
| followedBy | Great Moderation ⓘ |
| inflationRateAfter | low single digits by mid-1980s ⓘ |
| inflationRateBefore | above 10 percent ⓘ |
| instanceOf | disinflationary policy episode ⓘ |
| instanceOf | monetary policy event ⓘ |
| ledBy |
Paul A. Volcker
ⓘ
surface form:
Paul Volcker
|
| longTermImpact | contributed to adoption of inflation targeting abroad ⓘ |
| longTermImpact | entrenched anti-inflation norm in U.S. policy ⓘ |
| longTermImpact | influenced global central banking practice ⓘ |
| longTermImpact | strengthened central bank credibility ⓘ |
| mainGoal | reduce high inflation ⓘ |
| mainGoal | restore price stability ⓘ |
| namedAfter |
Paul A. Volcker
ⓘ
surface form:
Paul Volcker
|
| peakFederalFundsRate | around 20 percent in 1980-1981 ⓘ |
| policyFrameworkChange | greater emphasis on controlling inflation ⓘ |
| policyFrameworkChange | reduced tolerance for inflation ⓘ |
| policyFrameworkChange | shift toward monetary aggregate targeting ⓘ |
| policyInstrument | federal funds rate ⓘ |
| policyInstrument | monetary aggregate targeting ⓘ |
| policyInstrument | reserve targeting ⓘ |
| policyStance | tight monetary policy ⓘ |
| positionOfLeader | Chair of the Federal Reserve ⓘ |
| praisedFor | decisively ending the Great Inflation ⓘ |
| praisedFor | restoring Federal Reserve credibility ⓘ |
| precededBy | Great Inflation ⓘ |
| reason | double-digit inflation in the late 1970s ⓘ |
| reason | entrenched inflation expectations ⓘ |
| socialConsequence | public protests against high interest rates ⓘ |
| startTime | 1979 ⓘ |
| underlyingTheory | expectations-augmented Phillips curve ⓘ |
| underlyingTheory | monetarism ⓘ |
| underlyingTheory | rational expectations ⓘ |
| unemploymentPeak | about 10.8 percent in 1982 ⓘ |