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@cullenroche Nope. Under classical GS devaluations were rare. Temporary restrictions followed by return to old parity were the rule. https://t.co/EOr3CoFkSH
@cullenroche Nope. Under classical GS devaluations were rare. Temporary restrictions followed by return to old parity were the rule. https://t.co/EOr3CoFkSH
Taylor 93: https://t.co/jXHFmyp8DZ Bordo and Kydland 95: https://t.co/JDe8gP5Ur2 Congress should not add complication to the Fed's job...