Why it is still to early to relax
Story date: 2007-10-08 02:41:00
Added on: 2007-10-09 08:00:19
Financial Times - For this champion of monetarism, the limitations at the time (1968) were the inability of monetary policy to peg interest rates and unemployment for more than limited periods. As we face a turn in the credit cycle, the effectiveness of monetary ...
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