Shifting Mandates: The Federal Reserve’s First Centennial
Carmen M. Reinhart and Kenneth S. Rogoff
For presentation at the American Economic Association Meetings, San Diego,
January 5, 2013
Session: Reflections on the 100th Anniversary of the Federal Reserve
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One hundred years after its creation, consumer prices are about 30 times higher than they were in 1913. Most other countries have repeated this pattern.
Read the entire paper in PDF form here.
Geir Solem
elliottwavetechnician.com
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