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Prefatory Note The attached document represents the most complete and accurate version available based on original files from the FOMC Secretariat at the Board of Governors…

Documents MONETARY POLICY. The money supply can/does influence price levels Inflation occurs if the money...

Slide 1 MONETARY POLICY Slide 2 The money supply can/does influence price levels Inflation occurs if the money supply increases, ceteris paribus. Inflation occurs if the…

Documents Inflation and the Stock Market: Understanding the ‘Fed’ Model Geert Bekaert Columbia University....

Inflation and the Stock Market: Understanding the âFedâ Model Geert Bekaert Columbia University and NBER Eric Engstrom Federal Reserve Board This work does not necessarily…