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 Importance of a Policy Rule in the Central Bank
A rule became important, a strategy for the central bank became important. And I really began to look at that, but it's gradual over time. Look at that sergeant and Lucas who brought in something that rational expectations microfinity models sort of came in. That was a huge difference. They had perfectly flexible prices.
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