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2004 Misconceptions Regarding Rules vs. Discretion for Monetary Policy

By Bennett T. Mccallum


Shortly after the most recent of the famous annual symposiums at Jackson Hole, sponsored by the Federal Reserve Bank of Kansas City, one of my colleagues asked me if I had seen the New York Times and Wall Street Journal articles on the conference. They seemed newsworthy, he suggested, because of their reports that Alan Greenspan had com

Year: 2011
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