On the recordJuly 9, 2014
Central-bank independence is very important, but it doesn't seem to have been enough to prevent these swings towards more interventionist discretionary policy compared to a rules-based policy.
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congress.govCentral-bank independence is very important, but it doesn't seem to have been enough to prevent these swings towards more interventionist discretionary policy compared to a rules-based policy.
John B. Taylor discusses the need for legislation to ensure rules-based monetary policy.
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