Macro...again?

Question

Can a targeted long term change in the money supply be expected to do away with the need for periodic adjustments in the money supply? What are some examples from history?

again help with where to look! im so lost in this class! thanks

Answer 1

never, shocks have always existed, empirically long term vonvergence has never come, ya mid term policies hav some benegits, but beware of targeted long run adjustment that promise greater stability, such policies can b very x pensive in terms of macroeconomic shocks.