How significant and disruptive such adjustments turn out to be is an open question, ... shocks should be largely absorbed by changes in prices, interest rates and exchange rates, rather than by wrenching declines in output and employment.

Alan Greenspan

Alan Greenspan

Absorbed Adjustments Disruptive Largely Open Question Shocks Significant Turn

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Rusty is definitely very keen on what shocks you need to run at Bristol, the different adjustments. I'm going to use that knowledge as well as what I've had there in the past.

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