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The Money Illusion: Market Monetarism, the Great Recession, and the Future of Monetary Policy

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The Money Illusion: Market Monetarism, the Great Recession, and the Future of Monetary Policy - Sumner, Scott
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"The Money Illusion is George Mason University economist Scott Sumner's end-to-end case for an evolved, less discretionary approach to monetary policy, which he and his cohort have termed "market monetarism." The nominal use of "market" here is telling: Sumner argues that public confidence in central banking institutions like the Fed is central, and as critical as forecasting, to ensuring the health and stability of the economy. To achieve it, he makes a case that monetary policy should be indexed against a pre-set growth ...

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The Money Illusion: Market Monetarism, the Great Recession, and the Future of Monetary Policy 2023, University of Chicago Press

ISBN-13: 9780226826561

Trade paperback

The Money Illusion: Market Monetarism, the Great Recession, and the Future of Monetary Policy 2021, University of Chicago Press

ISBN-13: 9780226773681

Hardcover