Some economists have claimed that “transparent” monetary policy in which the Fed operates predictably will lessen the chances of the boom and bust cycles happening. It isn’t the lack of transparency that creates business cycles; it is Fed-caused malinvestments.
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Transparent Monetary Policy and Economic Stability
Published on April 27, 2026
Permanent link to this article: https://snbchf.com/2026/04/shostak-transparent-monetary-policy-economic-stability/
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