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The problem with monetarist’s view of inflation

Long-run stability of the velocity, or the filpside of it, money demand, however, is not a empirically founded assumption.
The Midas Paradox Cover

Midas Paradox and the Great Depression | Q&A with Scott Sumner |

Welcome! This is the first installment of our interview series "Where is the General Theory of the 21st Century?" "Where is the General Theory of...

Interviews

Why the Fed should Keep a Sizeable Balance Sheet? | Q&A with Jeremy...

Jeremy Stein, former Federal Reserve governor, talks to us about his recent research “The Federal Reserve's Balance Sheet as a Financial-Stability Tool” and why the Fed should maintain a sizeable balance sheet.

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