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Olduvai III: Catacylsm
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What is Optimal Monetary Policy, Anyway?

WHAT IS OPTIMAL MONETARY POLICY, ANYWAY? Ever since the important contributions of new classical economists Finn E. Kydland and Edward C. Prescott during the 1970s and 80s, modern macroeconomics seeks optimal rules for monetary policy. Indeed, Milton Friedman had previously emphasized the importance of a binding rule for monetary policy. He recommended a constant but […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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