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An ebbing tide lowers all boats: monetary policy, inflation, and social justice

David Altig

Economic Review, 1992, vol. 28, issue Q II, 14-22

Abstract: An argument that attempting to alleviate the burden of unemployment on the less affluent through expansionary monetary policy may hurt the clientele it is supposed to serve if, ultimately, the policy leads to higher long-run rates of inflation.

Date: 1992
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