Scott Sumner on Alternative Approaches to Monetary Policy
Macro Musings with David Beckworth
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Alternative Approaches to Monetary Policy
The title of the book is alternative approaches to monetary policy. The early 19 thirties were an unusually rich period in monetary experimentation. All three of these basic approaches, interest rate,. money supply and price of money approach were used in very important ways in monetary policy experiments or initiatives. You have to be careful whether you're actually ascertaining the stancs of monetary policy.
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