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4min chapter
Charlie Evans on the Past, Present, and Future of U.S. Monetary Policy
Macro Musings with David Beckworth
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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