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We formulate the central bank's problem of selecting an optimal long-run inflation rate as the choice of a distorting tax by a planner who wishes to maximize discounted utility for a heterogeneous population of infinitely-lived households in an economy with constant aggregate income. Households...
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Presented at the Bowling Green Area Chamber of Commerce. February 24, 2011.
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Presented in London, U.K. Addressed members of various financial institutions on Wednesday at the UBS Macro Dinner in London.
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Presented at the 2011 European Banking & Financial Forum, Prague, Czech Republic.
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May 6, 2011. Presented at Arkansas Day with the Bank Commissioner, Little Rock, Ark.
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May 24, 2011. Presented at the 2011 Joint Meeting of the Cape Girardeau and Jackson Rotary Clubs, Cape Girardeau, Mo.
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An earlier version of this article was delivered as a speech to the Money Marketeers of New York University, New York, New York, May 18, 2011.
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Quantitative Easing (QE) Conference. 30 June 2011, St. Louis, MO
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Presented at the 3rd Rocky Mountain Economic Summit, Jackson Hole, Wyoming
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