Alan Greenspan - 468 Alan Greenspan, chairman of the...

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468 Alan Greenspan, chairman of the Federal Reserve Board: President Clinton appointed Alan Greenspan, a well-known chairman of the Federal Reserve Board, to his fourth term as the chairman of the nation's central bank. Alan Greenspan accepted the chance to lead the Federal Reserve Board for another four-year term beginning June of 2000. President Clinton praised Greenspan for starting a "New Era", an era with high technologies and productivity to advance. He is expected to push the level of prosperity to a higher stage. Alan Greenspan is known as a man of his profession to realize the power and impact of new technologies for the 21st century. The Fed's job of stabilizing output in the short run and promoting price stability in the long run is made more difficut by two main factors: the long and variable lags in policy, and the uncertain influences of factors other than monetary policy on the economy. This raised an important question, what problems are caused by other influences on the economy? Output, employment, and inflation are
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This note was uploaded on 10/06/2010 for the course MKT MKT501 taught by Professor Lin during the Spring '10 term at University of Management and Technology.

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