Rasche, Robert H.; Williams, Marcela M. - Federal Reserve Bank of St. Louis - 2005
desiring to spend on real resources;
the supply of money itself is not the critical factor.
1 …:
Monetary policy as well as debt management policy must be coordinated
with fiscal policy to secure the objectives of high … historical standards and that
has substantially outstripped the sustainable growth of supply of real
goods and services …