Journal Article
The efficacy of monetary policy: a tale from two decades
Abstract: Little difference in economic performance during the past two decades?is consistent with the theoretical and empirical evidence that monetary policy has no permanent effect on real variables.
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File(s): File format is application/pdf http://research.stlouisfed.org/publications/es/12/ES_2012-07-12.pdf
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: Economic Synopses
Publication Date: 2012
Order Number: 18