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alan greenspan the chairman of the federal reserve made the following remarks concerning the advantages of introducing TIPS: by routine monitoring markets for the indexed
alan greenspan the chairman of the federal reserve made the following remarks concerning the advantages of introducing TIPS: "by routine monitoring markets for the indexed and unindexed debt instruments, the federal reserve could extract the market evaluation of the consequences of policy operation"
a) do you agree with this view?
b) what are the potential problems of inferring expectations from market prices?
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