VS
Key Facts
Type
Policy
Sector
Not specified
Industry
Not specified
Status
Draft
Country
Not specified
Also Known As
No alternate names
Tags
No tags
Overall Confidence
100%
Internal Notes
No notes
Key Information
Positions
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Policy Type
Not specified
Implementing Body
Not specified
Effective Date
Not specified
Expiration Date
No expiration
Status
Not specified
Related Legislation
No related legislation
About
The Volcker Shock refers to the aggressive monetary tightening policy implemented by Federal Reserve Chairman Paul Volcker in the late 1970s and early 1980s, involving sharp interest rate hikes to combat rampant inflation.
Key Relationships
Paul Volcker
resulted_in
Volcker's implementation of the Volcker Shock policy resulted in a severe but necessary recession that broke the back of double-digit inflation, restoring credibility to the Federal Reserve and setting a precedent for central bank independence in fighting economic imbalances.
Since 1979