Where the words come from
Inflation targeting and countercyclical policy; the case for an independent central bank; long and variable lags; excess reserves and pushing on a string; Japan's zero-rate episode; deflation and the real interest rate; asset bubbles; and the US tight-policy episode of the late 1970s — Principles of Economics 2e, OpenStax, licensed CC BY 4.0. https://openstax.org/books/principles-economics-2e/pages/28-5-pitfalls-for-monetary-policy and https://openstax.org/books/principles-economics-2e/pages/28-4-monetary-policy-and-economic-outcomes. Changes: the Federal Reserve and Congress generalised to a central bank and politicians; "the U.S. budget takes months" to a Budget; the federal funds rate episode figures (5.5 and 16.4 per cent, inflation over ten per cent to 3.2 per cent, unemployment 5.8 to 9.7 per cent) kept from 28.4 as a US episode; the Japan figures kept; the deflation example from the Clear It Up; the velocity passage dropped; the lag, excess-reserve and zero-lower-bound card definitions condensed from 28.5 and 28.4, with the card examples ours; "the zero lower bound" is 2e's "zero percent interest rate lower bound"; British spelling.
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