Most economists favor discretionary monetary policy because the velocity of money has been very stable since the 1980s.
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Q253: According to the Great Moderation consensus, the
Q254: In the 1970s and first half of
Q255: Some economists believe that fluctuations in the
Q256: According to the natural rate hypothesis, attempts
Q257: In the 1970s and first half of
Q259: Economists who agree with the Great Moderation
Q260: The Great Moderation consensus is that expansionary
Q261: The Great Moderation consensus is that the
Q262: When interest rates are very high, the
Q263: Many economists argued against using discretionary fiscal
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