There is no reason to think that the impact [of monetary policy] will be captured in any single [variable]..., whether it is a monetary stock or a market interest rate. (James Tobin)

There is no reason to think that the impact [of monetary policy] will be captured in any single [variable]..., whether it is a monetary stock or a market interest rate.

James Tobin

Related topics

impact interest market policy rate reason single stock think variable

Related quotes