Regaining the Great Moderation

Russ Abbott

California State University, Los Angeles

December 30, 2011

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

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Date posted: December 31, 2011 ; Last revised: August 6, 2012

Suggested Citation

Abbott, Russ, Regaining the Great Moderation (December 30, 2011). Available at SSRN: http://ssrn.com/abstract=1977688 or http://dx.doi.org/10.2139/ssrn.1977688

Contact Information

Russ Abbott (Contact Author)
California State University, Los Angeles ( email )
5151 State University Dr
Los Angeles, CA 90032
United States
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