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Open Labor Market Operations

Robert Hockett

Challenge, 2019, vol. 62, issue 2, 113-127

Abstract: In this fascinating piece, law professor Robert Hockett argues that government policies should stabilize wages in much the same way the Federal Reserve targets XXXX interest rates. He argues that wage rates are as important as the interest rates to the economy. It is a radical but eminently sensible idea in light of the long stagnation of American wages.

Date: 2019
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DOI: 10.1080/05775132.2019.1583418

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