Regaining the Great Moderation

2 Pages Posted: 31 Dec 2011 Last revised: 6 Aug 2012

See all articles by Russ Abbott

Russ Abbott

California State University, Los Angeles

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

Abbott, Russ, Regaining the Great Moderation (December 30, 2011). Available at SSRN: or

Russ Abbott (Contact Author)

California State University, Los Angeles ( email )

5151 State University Dr
Los Angeles, CA 90032
United States

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