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Blanchard on the Fed’s Target

Summary:
Olivier Blanchard suggests that the Fed consider a target for nominal wages rather than for the prices of goods and services. Ricardo Reis and I agree. (ungated pdf)

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Olivier Blanchard suggests that the Fed consider a target for nominal wages rather than for the prices of goods and services. Ricardo Reis and I agree. (ungated pdf)
Greg Mankiw
I am the Robert M. Beren Professor of Economics at Harvard University, where I teach introductory economics (ec 10). I use this blog to keep in touch with my current and former students. Teachers and students at other schools, as well as others interested in economic issues, are welcome to use this resource.

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