Question
Discuss why the Friedman effect regarding the effect of changes in Fed policy on interest rates in the shortrun versus the long-run, should apply only
Discuss why the Friedman effect regarding the effect of changes in Fed policy on interest rates in the shortrun versus the long-run, should apply only to interest rates on short-term securities. How should a permanent increase in the growth rate of the money supply affect the term structure of interest rates in the short-run? In the long-run?
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Money Talks Explaining How Money Really Works
Authors: Nina Bandelj ,Frederick F. Wherry ,Viviana A. Zelizer
1st Edition
0691202893, 978-0691202891
