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Regaining the Great ModerationRuss AbbottCalifornia State University, Los Angeles December 30, 2011 Abstract: This is an op-ed style recommendation to give the FED the authority to establish a surcharge/rebate on commercial transactions. This would provideus with a direct mechanism to stimulate or restrain aggregate demand.
Number of Pages in PDF File: 2 Keywords: monetary policy JEL Classification: E58 working papers seriesDate posted: December 31, 2011 ; Last revised: August 6, 2012Suggested CitationContact Information
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