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Uncertainty matters (with reference to kinky monetary policy, two nickels and a dime)

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  • Richard W. Fisher

Abstract

Remarks before the Causes & Macroeconomic Consequences of Uncertainty Conference, Dallas, Texas, October 3, 2013 ; "A policy that takes a longer-term perspective and is properly communicated and executed—so as to instill confidence that monetary policy will hew to a 2 percent inflation target rather than fixate on the run-rate of the past four quarters or the outlook for the next four—may better supply the longer-term comfort that households and businesses need to plan and budget."

Suggested Citation

  • Richard W. Fisher, 2013. "Uncertainty matters (with reference to kinky monetary policy, two nickels and a dime)," Speeches and Essays 137, Federal Reserve Bank of Dallas.
  • Handle: RePEc:fip:feddsp:137
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