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Professor Viral Acharya shares his views on monetary policy and systemic risk

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Excerpt from the Minneapolis Star-Tribune - "Responding to Hanson’s idea that the government should issue more short-term debt to discourage that activity, Viral Acharya, an economist at New York University, said he feels uncomfortable with the government getting involved in buying and selling debt to 'crowd out' non-banks. 'It’s better to get at financial stability directly, in my view, rather than mixing fiscal policy with it,' Acharya said."

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