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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 42
Prospects Rise for Fed Easing Policy
William Dudley, president of the New York Fed, raised the prospect of the Fed becoming more explicit about its inflation goal to "help anchor inflation expectations at the desired rate."
a. What monetary policy strategy is Mr Dudley raising?
b. How does inflation rate targeting work and why might it "help anchor inflation expectations at the desired rate"?
William Dudley, president of the New York Fed, raised the prospect of the Fed becoming more explicit about its inflation goal to "help anchor inflation expectations at the desired rate."
a. What monetary policy strategy is Mr Dudley raising?
b. How does inflation rate targeting work and why might it "help anchor inflation expectations at the desired rate"?
Explanation
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Verified
(a) A monetary policy strategy in which ...
Macroeconomics 11th Edition by Michael Parkin
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