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- W1558603768 abstract "This paper is a notable achievement that deserves a place in the Jackson Hole Hall of Fame. Christie and David Romer have managed to accomplish two things here. First, they actually add a new thought to the academic literature on the effects of macroeconomic performance on the distribution of income—a topic on which I wrote 20 years ago1 and on which, I thought before reading this paper, there was not much new to say. Second, they reach a conclusion that cannot fail to warm the hearts of central bankers everywhere: “that compassionate monetary policy is, most likely, sound monetary policy.”" @default.
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- W1558603768 date "1998-01-01" @default.
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- W1558603768 title "Commentary: monetary policy and the well-being of the poor" @default.
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