Macro Lit Review 2: Highlights from Late 2022 with George Selgin
Macro Musings with David Beckworth
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Time and Consistency Is Not an Argument for Central Bank Independence
Time and consistency is an argument for tying the central bankers' hands, he says. What's required is that nobody can tell them to change from some given policy, Fed chief adds. "It's written in the Constitution or the central bankers are all going to get fired if the inflation exceeds a certain real"
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