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according to the federal reserve bank of philadelphia, the equilibrium real interest rate is 1% per year, the full employment inflation is 2% per year
according to the federal reserve bank of philadelphia, the equilibrium real interest rate is 1% per year, the "full employment" inflation is 2% per year
Let us assume that the federal reseve system conducts monetary policy by setting a target for short term interest rate that based on taylor's rule equation below
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International Financial Reporting Standards An Introduction
Authors: Belverd E. Needles, Marian Powers
3rd Edition
1133187943, 978-1133187943
