Presuming a stable demand for money leads to grave error
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4
The pathway to a "smooth landing"
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1
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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2
I´m not being ironic!
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1
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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3
between "supply driven" & "demand supported"
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1
What does the experience of other countries tell us?
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where, more recently, the contrast between "slow" & "fast" is also apparent
which matches with the contrast between "bad" & "good" monetary policy
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but even the 1970s evoke different experiences among countries
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but rather if the Fed can provide a "smooth" ride going forward
3