What is a ‘reaction function’ in central banking? How does it differ from ‘forward guidance’? Latest in the Hutchins Center Explains series @BrookingsInst by Zixun Tan & me.
David Wessel
@davidmwessel
Director, Hutchins Center on Fiscal & Monetary Policy, Brookings. My latest book "Only the Rich Can Play," the story of Opportunity Zones.
