Regaining the Great Moderation
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
Date posted: December 31, 2011 ; Last revised: August 6, 2012