Sensacional, heim? Bernanke came up with an ingenious solution. After being appointed chair of the Federal Reserve Board, he first created a system wherein each Federal Open Market Committee (FOMC) policymaker would forecast certain key variables, such as inflation and employment. Importantly, he asked policymakers to make their forecasts under the assumption of “appropriate monetary policy.” For each official, their long-run inflation forecast […]
via Choques reais na política monetária — De Gustibus Non Est Disputandum
