Suppose policymakers could perfectly observe aggregate demand shocks. Create a monetary policy rule that perfectly offsets any
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Suppose policymakers could perfectly observe aggregate demand shocks. Create a monetary policy rule that perfectly offsets any aggregate demand shock and, therefore, insulates the economy completely from aggregate demand shocks.
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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