Chart: Output gap and the federal funds rate (FFR), 1954–2011

Figure B

Output gap and the federal funds rate (FFR), 1954–2011

Sources: Author's analysis of interest rate data from Federal Reserve Board (2011), potential GDP data from Congressional Budget Office (2011), and gross domestic product data from BEA (2011), Table 1.1.5

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Macroeconomic effects of regulatory changes in economies with large output gaps: The ‘toxics rule’ as an example

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