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DRAFT: Did Macroeconomic Policy Play a Different Role in the (Post-2009) Recovery?: Monetary Policy: The Flexible Yardstick of the Taylor Rule

J. Bradford DeLong U.C. Berkeley October 15, 2016 The consensus for interest rate policy as an aspect of monetary policy back in 2007 was some version of Taylor’s (1993, 1999) interest rate rule (cf. also: Henderson and McKibbin (1993)): the first in time of Taylor’s two contributions to our thinking...
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