On the recordJune 20, 2016
My sense of the academic consensus is that the main effect of accommodative monetary policy is to induce economic activity that was going to occur later at an earlier time.
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congress.govMy sense of the academic consensus is that the main effect of accommodative monetary policy is to induce economic activity that was going to occur later at an earlier time.
Toomey discusses the effects of accommodative monetary policy on economic activity timing.
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