The Folly of Federal Reserve Stabilization Policy: Part II 1985-2023
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Many economists think the Federal Reserve can use Phillips Curve tradeoffs between inflation and unemployment to guide Fed macro stabilization policy. Inflationary Fed policies may act as a monetary stimulus, to regulate unemployment. Data from 1948 to 1985
The Folly of Federal Reserve Stabilization Policy: Part II 1985-2023
The Folly of Federal Reserve Stabilization…
The Folly of Federal Reserve Stabilization Policy: Part II 1985-2023
Many economists think the Federal Reserve can use Phillips Curve tradeoffs between inflation and unemployment to guide Fed macro stabilization policy. Inflationary Fed policies may act as a monetary stimulus, to regulate unemployment. Data from 1948 to 1985