Basic Monetary Policy Objectives
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What are the Fed’s basic objectives? As noted in the preceding chapter, the goals set for monetary policy in the Federal Reserve Act are maximum employment, stable prices, and low, long-term interest rates. The Fed’s other very important objective, the maintenance of systemic stability...
2000 ◽
Vol 90
(3)
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pp. 429-457
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2013 ◽
Vol 27
(4)
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pp. 65-86
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