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Let’s Not Pursue the Volcker Ruleigmforum editor - March 3rd, 2010
U.S. Monetary Policy Forum; New York, New York On Friday February 26, the IGM hosted its annual “ U.S. Monetary Policy Forum
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Started by faculty members from the Initiative on Global Markets at the University of Chicago Booth School of Business Global markets have generated confusion among policymakers and the public. The IGM promotes sound analysis of how these markets work, their effects, and the way they interact with policies and institutions. 
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By Ethan Harris, Bruce Kasman, Matthew Shapiro, and Kenneth West
This paper was prepared for the 2009 conference of the US Monetary Policy Forum (USMPF).
This report examines the role of oil in the macroeconomy with the aim of evaluating and guiding central bank responses to oil price movements.