SARDONI, C.; WRAY, L.R. - In: Journal of Post Keynesian Economics 28 (2006) 3, pp. 451-472
In the debate on monetary policy strategies on the two sides of the Atlantic, it is now almost commonplace to contrast the Fed and the European Central Bank (ECB) by pointing out the flexibility and capacity to adjust of the former and the rigidity and extreme caution of the latter, and its...