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DON’T SET GROWTH LIMITS FOR THE NEW ECONOMY
Cato’s monetary conferences Fed’s Baltimore Branch GROWTH LIMITS
2008/11/11
I used to attend Cato’s monetary conferences in the 1980s when I
ran the Richmond Fed’s Baltimore Branch, just up the road. The
persistent criticism was hard to take, especially when it came from
o...
DOES THE “NEW” ECONOMY CALL FOR A “NEW” MONETARY POLICY?
MONETARY POLICY innovations “NEW” ECONOMY
2008/11/11
My simple one-word answer to the question posed by the title of
this paperis no. Like most simple answers the devil is in the details.
The details are, of course, buried in what one means by the “ne...