The short-term compensation of disturbances in the economic cycle. – This is basically a matter for economic policy. This is because monetary policy impulses on goods markets are characterized by comparatively long lags; monetary policy must confine itself to ensuring that money is measured. – See data uncertainty, long-lag theory, model uncertainty, structural uncertainty. – Cf. Deutsche Bundesbank’s Monthly Report of June 2004, p. 22 et seqq. (basic information).
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