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Very interesting piece. It shows among other things the richness and superiority of the dual mandate with respect to single-headed inflation targeting. Monetary policy is a complex matter, and a dual mandate better allows the assessment of tradeoffs involved. Such a debate could never happen at the ECB
Toggle Commented Oct 13, 2015 on Brainard Drops A Policy Bomb at Tim Duy's Fed Watch
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Oct 13, 2015