On the recordJuly 17, 2013
I think the suggestion has been that conventional understanding of the transmission mechanism of the increase in household net worth to consumer spending would suggest a very modest increase to GDP.
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congress.govI think the suggestion has been that conventional understanding of the transmission mechanism of the increase in household net worth to consumer spending would suggest a very modest increase to GDP.
Toomey discusses the modest impact of quantitative easing on GDP.
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