In the last section, the author says Sims of Yale imposed the policies of the modern Fed on the economy of the 1930s and vice versa and that swapping strategies had little effect on the outcome. Writ...posted by David HawlaMay 5, 2009 @ 4:50 PM
In response to David Hawla:Thanks for that note of clarification. Of course you're correct. Sims looked at two broad periods, roughly 1919-1939 and 1949-1998. Obviously there was a lot of variation ...posted by Brian HayesMay 6, 2009 @ 9:13 AM
Engineering is about physical, hence logically but not necessarily numerically quantifiable laws. Expansion tanks (cf savings) allow a hydraulic system to expand and contract as required, but of cour...posted by David TaylorJune 30, 2009 @ 9:26 AM
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