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Irony alert: The Fed has been doing AIT for three decades! | Historinhas
https://thefaintofheart.wordpress.com/2020/08/30/irony-alert-the-fed-has-been-doing-ait-for-three-decades/
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As I will show, it has also been doing NGDP-LT, albeit with a “variable” Level Trend. It´s amazing that it took them one and a half years to come up with a framework that had been in place for so l…
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