An ebbing tide lowers all boats: monetary policy, inflation, and social justice
AbstractAn argument that attempting to alleviate the burden of unemployment on the less affluent through expansionary monetary policy may hurt the clientele it is supposed to serve if, ultimately, the policy leads to higher long-run rates of inflation.
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Bibliographic InfoArticle provided by Federal Reserve Bank of Cleveland in its journal Economic Review.
Volume (Year): (1992)
Issue (Month): Q II ()
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- repec:hoo:wpaper:e-89-32 is not listed on IDEAS
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