Question
Readthe article The Dangers of Deflation a) What are the dangers of deflation? b) What can be said about monetary neutrality in the context of
Readthe articleThe Dangers of Deflation
a) What are the dangers of deflation?
b) What can be said about "monetary neutrality" in the context of a low inflation environment?
c) drawing on concepts considered in recent chapters (29, 30), what recommendations would you make to policymakers in present circumstances?
d) What, in your opinion, is the appropriate policy response of the Federal Reserve?
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Principles of Economics
Authors: N. Gregory Mankiw
8th edition
1305585127, 978-1305971493, 978-1337516860, 1337516864, 978-0357539200, 978-1305585126
