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This paper critically evaluates two different approaches to teaching macroeconomics at the undergraduate level through the comparison of two popular, recent handbooks: Olivier Blanchard's Macroeconomics (2021) and William Mitchell, Randall Wray and Martin Watts's Macroeconomics (2019). These...
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The Federal Reserve (the Fed), the central bank of the United States, has a Congressional mandate to promote maximum employment and price stability. While those goals were articulated in 1977, the approach and tools used to implement those objectives have changed over time
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This paper examines the effect of government ideology on monetary policy in a quarterly data set of 15 OECD countries … for central bank independence and government ideology. The results suggest that leftist governments did not decrease short … delegating monetary policy to conservative central bankers. -- Monetary policy ; Taylor rule ; government ideology ; partisan …
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This paper examines whether government ideology has influenced monetary policy in OECD countries. We use quarterly data … time-variant index of central bank independence with government ideology. The results show that leftist governments have … policy to conservative central bankers. -- Monetary policy ; Taylor rule ; government ideology ; partisan politics ; central …
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