George Selgin on Average Inflation Targeting and *The Menace of Fiscal QE*
Macro Musings with David Beckworth
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Is the Floor Operating System Consequent to the Movement to Fiscal Ce?
The fed can expend its balance sheet without generating inflation. The choice of an operating system is very important for the fed and other central banks. There's this big political economy consideration that it's not just about the fed having an extra lever to pull a. It creates these political potential cost that could beknow, that could weigh in on the feds independente.
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