ABSTRACT
‘Quantitative restrictions must not be allowed to be anticipated; they must “sneak up” on the market quickly and unexpectedly to be effective.’ (James Duesenberry, ‘Comments’, Brookings Papers on Economic Activity, no.2, 1971.)
‘Quantitative restrictions must not be allowed to be anticipated; they must “sneak up” on the market quickly and unexpectedly to be effective.’ (James Duesenberry, ‘Comments’, Brookings Papers on Economic Activity, no.2, 1971.)