The Long-Run Effects of Monetary Policy on Interest Rates
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After reading Scott Sumner's recent paper on the Princeton School of Macroeconomics and Zero Lower Bound, I revisited papers of other Princeton economists. In the second part of the paper, Sumner discussed the Princeton School's relationship with new schools of thought such as Market Monetarism and NeoFisherianism. In this regard, I examined how the work of the Princeton economists relates to some of the key ideas of market monetarism.
The Long-Run Effects of Monetary Policy on Interest Rates
The Long-Run Effects of Monetary Policy on…
The Long-Run Effects of Monetary Policy on Interest Rates
After reading Scott Sumner's recent paper on the Princeton School of Macroeconomics and Zero Lower Bound, I revisited papers of other Princeton economists. In the second part of the paper, Sumner discussed the Princeton School's relationship with new schools of thought such as Market Monetarism and NeoFisherianism. In this regard, I examined how the work of the Princeton economists relates to some of the key ideas of market monetarism.