Is a FTPL revival justified?
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But the Fed´s "inflation afflictions" could be "painful"
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so, insisting on targeting the Fed Funds rate can be bad for the health of the economy
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Presuming a stable demand for money leads to grave error
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The pathway to a "smooth landing"
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The Fed´s monetary policy plays the "star role"
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can easily lead to bad monetary policy and "nasty" outcomes
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I´m not being ironic!
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If only the Fed "prayed on the NGDP level target altar", instead of the "boos" we hear, the applause would be deafening!
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between "supply driven" & "demand supported"
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What does the experience of other countries tell us?
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where, more recently, the contrast between "slow" & "fast" is also apparent