Edwin Dolan recently argued that the Fed might be running out of options to prevent deflation, but that their recent policy of paying interest on reserves offers hope for the future. Scott Sumner contests both assertions.
Contents
- Letter
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Requires Authentication UnlicensedLetter: Comment on Dolan and Recent Fed PolicyLicensedJanuary 5, 2009
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Requires Authentication UnlicensedLetter: Is Delong Having his Cake and Eating it Too?LicensedJanuary 21, 2009
- Column
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Requires Authentication UnlicensedIs Trillion the New Billion?LicensedJanuary 12, 2009
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Requires Authentication UnlicensedDogville or an Illustration of Some Properties of General EquilibriumLicensedJanuary 21, 2009
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Requires Authentication UnlicensedEurozone: The High Cost of ComplacencyLicensedJanuary 29, 2009
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Requires Authentication UnlicensedA Statement on the Appropriate Role for Research and Development in Climate PolicyLicensedFebruary 4, 2009