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Scott Sumner's idea of NGDP targeting was effectively adopted by the Fed when they announced The tapering of their bond purchase policy Expectations-focused monetary policy

Scott Sumner's idea of NGDP targeting was effectively adopted by the Fed when they announced

  1. The tapering of their bond purchase policy

  2. Expectations-focused monetary policy

  3. Inflation-limiting monetary policy

  4. The Fed's purchase of fixed amounts of bonds through what they called Quantitative Easing

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