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Can Congress Rein in the Fed?
by alexander william salter The Fed should have a single mandate, one focused on keeping steady the demand side of the economy. READ MORE › |
Restoring The Fed’s Credibility?
by andrew stuattaford
Paul Volcker would have been appalled by the Fed's complacent reaction to growing inflation last year, a blunder that damaged the bank's credibility.
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by andrew stuattaford
Paul Volcker would have been appalled by the Fed's complacent reaction to growing inflation last year, a blunder that damaged the bank's credibility.
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The Federal Reserve's Operating Losses and the Federal Budget Deficit
With the Federal Reserve on track to record operating losses for the first time since 1915, Paul H. Kupiec and Alex J. Pollock anticipate what those losses will mean for the federal deficit. "The economic reality, of course, is that Fed losses increase the government's deficit," write Kupiec and Pollock, but they also explain why the Federal Reserve's unique privileges make these losses harder to measure.
With the Federal Reserve on track to record operating losses for the first time since 1915, Paul H. Kupiec and Alex J. Pollock anticipate what those losses will mean for the federal deficit. "The economic reality, of course, is that Fed losses increase the government's deficit," write Kupiec and Pollock, but they also explain why the Federal Reserve's unique privileges make these losses harder to measure.
Rajan Underlines Why Even Growth Needs A Liberal Democracy
New Book On The Fed And Recent Monetary Policy
New Book On The Fed And Recent Monetary Policy
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