Regaining the Great Moderation
2 Pages Posted: 31 Dec 2011 Last revised: 6 Aug 2012
Date Written: 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.
Keywords: monetary policy
JEL Classification: E58
Suggested Citation: Suggested Citation