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Success and failure of monetary policy since the 1950s / David Laidler -- What have economists learned over the past 50 years? / Lars E.O. Svensson -- Will monetary policy become more of a science? / Frederic S Mishkin -- Monetary policy, labour markets and fiscal policy / Olivier Blanchard.
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The "conservative central banker" has come under attack recently. Explicitly modeling the interaction of a trade union with monetary policy, it has been argued that the standard solution to the inflationary bias in monetary policy might actually be welfare reducing if the trade union has an...
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