Peter Ireland on the Fed’s Pandemic Performance and the Path Forward for Monetary Policy
Macro Musings with David Beckworth
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Growth Versus Business Cycles
Makro economics focuses on business cycles, but long-term growth is also important. Peter Boulden argues that the welfare costs of reducing economic growth by a fraction of a percentage point are much smaller than those associated with more frequent recessions. He says policies must be designed to smooth out fluctuations and avoid imposing additional distortions in their own right.
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