中级宏观经济学(英文)11_The_Macroeconomic_Policy_Debate.pptVIP

* Intermediate Macroeconomics Lecture 11 * The Macroeconomic Policy Debate William McChesney Martin The fed.’s job is to take away the punch bowl just as the party gets going 联储的工作是在宴会进行时拿走盛满酒的酒杯。 The economy is inherently unstable. * The Macroeconomic Policy Debate Milton Friedman 我们需要的不是把经济之车的方向盘一直调整到不可预期的无规则之路上的高超货币司机．．． The economy is naturally stable… * The Macroeconomic Policy Debate Active or passive? Free to use discretion or fixed policy rule? * Should Policy Be Active or Passive? Active In the absence of an active government role in the economy, events like the Great Depressi