Explore "fool in the shower," Milton Friedman's metaphor explaining monetary policy's timing challenges and how overcorrection can impact the economy's stability.
Surveys of professional economic forecasters and financial market data can reveal public perceptions about the future conduct of monetary policy. Current estimates suggest that both professional ...
Recent research has identified periods when the Federal Reserve intentionally acted to slow inflation when it exceeded desired levels. The success of these disinflation attempts reveals the extent of ...
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