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William J. Luther
Expectations under growth and level targeting regimes
Under a level target, one can reasonably predict the level of nominal income at any point in the future. The same cannot be said for a nominal income growth target.
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Aaron Nathans
Businesses, Workers Show Confidence
In a season of mixed economic news, we received positive data this morning on job openings, as well as the number of people who are quitting their job, which tend to be good signs for the labor market.
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