US Fed 'taper' policy move may be premature and risky
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In this article
- Taper fears
- Premature policy?
- Normative/market views
- Empirical view
- Monetary policy false-starts
- Japan's experience
- 1936 US precedent
- Outlook: mistaken policy premises
- Base vs broad money
- Money during 'balance sheet' recessions
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_350.jpg "The Federal Reserve building in Washington (Reuters/Jonathan Ernst)")