The Real Bills Doctrine
11 Pages Posted: 24 Aug 2012
Date Written: 1982
Abstract
With recession lingering and interest rates remaining high, one hears increasingly that the Fed should abandon its money growth targets and move to a policy of lowering interest rates to full employment levels.
Suggested Citation: Suggested Citation
Humphrey, Thomas M., The Real Bills Doctrine (1982). FRB Richmond Economic Review, Vol. 68, No. 5, September/October 1982, pp. 3-13, Available at SSRN: https://ssrn.com/abstract=2120000
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