Monetary economics, the Taylor Rule, fiscal policy, and economic growth
The Capitalism and Freedom in the Twenty-First Century Podcast
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The Legacy of Flexible Exchange Rates
I think they have lost track of how to conduct monetary policy. We've had a lot of progress but we're not there yet, he says. The fixed money growth rules of Milton Friedman were very much that way. There's no exchange rate explicitly; the inflation rate and GDP gap in interest rate is pretty close to the money growth rule.
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