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Who Spiked the Punchbowl?

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Abstract

Economic policy is often a confidence game, with the strength of moral persuasion arising from the monetary authority’s power to influence economic investment and consumption. Can a central bank actually fine-tune its way out of a recession?

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© 2009 Colin Read

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Read, C. (2009). Who Spiked the Punchbowl?. In: Global Financial Meltdown. Palgrave Macmillan, London. https://doi.org/10.1057/9780230595187_13

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