Charlie Evans on the Past, Present, and Future of U.S. Monetary Policy
Macro Musings with David Beckworth
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Messaging, Makeup Policy, and Nominal GDP Targeting in Monetary Policy
The importance of messaging in 21st century monetary policy is discussed, along with the need for the Federal Reserve to adopt a makeup policy. Nominal GDP targeting is proposed as a solution to supply-side driven inflation, and the chapter concludes with a discussion on outcome-based solutions and inflation objectives.
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