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March/April 2005, Part 2, 
Vol. 87, No. 2
Posted 2005-04-15

What Remains from the Volcker Experiment?

by Benjamin M. Friedman

The author discusses how that the world of monetary policymaking in the United States has been somehow different since 1979, what exactly is different, and in what respects those differences stem from the innovations introduced in 1979.

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