Banking on the Future : The Fall and Rise of Central Banking

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Author: Howard Davies
Date: 28 Apr 2010
Publisher: Princeton University Press
Original Languages: English
Book Format: Hardback::336 pages
ISBN10: 0691138648
ISBN13: 9780691138640
Publication City/Country: New Jersey, United States
Filename: banking-on-the-future-the-fall-and-rise-of-central-banking.pdf
Dimension: 152x 235x 33.02mm::567g
Download Link: Banking on the Future : The Fall and Rise of Central Banking
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That is the point when the central bank reverses its policy and starts to raise interest rates. Yet, this entire story is contingent on the assumption that there exists a unique natural rate of unemployment, that is, the “non-accelerating inflation rate of unemployment” (NAIRU), at which the pace of price growth will neither rise nor fall. Christine Lagarde and Bundesbank President Jens Weidmann attend a conference at the Goethe University in Frankfurt am Main, Germany, on April 5, 2016.

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