Two Federal Reserve economists write that a contemporary description of how the Fed operates [focuses] on changes

Question:

Two Federal Reserve economists write that a “contemporary description of how the Fed operates [focuses] on changes in interest rates, not monetary quantities.” Why does the Fed pay less attention to changes in the money supply today than it once did?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Macroeconomics

ISBN: 9780138102494

9th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

Question Posted: