Straightjackets and “We Rule” Shirts
March 19, 2011 at 04:15 AM EDT
David Wessel writes about the “straitjacket” of a one-size-fits-all monetary policy in his Wall Street Journal column this week. He shows why a single interest rate set by the European Central Bank is not necessarily appropriate for all the countries in the Euro zone: it can push some countries off the Taylor rule which can [...]
