Weale: What to do when we don’t know: policy-making when spare capacity is uncertain

Could I say what a great privilege and pleasure it is to give the 2014 JSG Wilson Lecture. Professor Wilson, of course, wrote a number of key texts on money and banking. Alas it is only in the aftermath of the banking crisis that we have all learned of the importance of studying money, money mar…

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Weale: What to do when we don’t know: policy-making when spare capacity is uncertain