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How Emily Oster became a lightning rod around Covid-19 and schools

How Emily Oster became a lightning rod around Covid-19 and schools
vox.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vox.com Daily Mail and Mail on Sunday newspapers.

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Monetary Policy Is Not Expansionary


Monetary Policy Is Not Expansionary
Monetary policy is not expansionary despite widespread belief otherwise.
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The general assumption by the Federal Reserve is that by providing excess reserves to the banking system, the banks would then lend to businesses and individuals to expand economic activity. Furthermore,
as discussed previously, the Federal Reserve’s entire premise of inflating asset prices was the subsequent boost to economic activity from an increased
“wealth effect.
“This approach eased financial conditions in the past and, so far, looks to be effective again. Stock prices rose and long-term interest rates fell when investors began to anticipate the most recent action. Easier financial conditions will promote economic growth. For example, lower mortgage rates will make housing more affordable and allow more homeowners to refinance. Lower corpora ....

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