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Inflation, Unemployment, and Monetary Policy -- Contents -- Introduction -- Inflation, Unemployment, and Monetary … Policy -- How Cautious Must the Fed Be? -- Monetary Policy Guidelines for Employment and Inflation Stability -- Comments …
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This talk emphasizes the connection between inflation targeting and monetary policy rules. Inflation targeting is not … monetary policy rule without a target inflation rate. Hence, there is a symbiotic relationship between inflation targeting and … of inflation. Interest rate rules work best within a band between very high inflation and deflation. Outside that band …
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