What is a monetary rule, as opposed to a monetary policy? What monetary rule would Milton Friedman

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What is a monetary rule, as opposed to a monetary policy? What monetary rule would Milton Friedman have liked the Fed to follow? Why has support for a monetary rule of the kind Friedman advocated declined since 1980?
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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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