RONALD S. GOSECO
The first use of the phrase “Goldilocks economy” is credited to David Shulman of Salomon Brothers who described it, in an article he wrote twenty-six years ago in March 1992, as an economy that is neither too hot nor too cold. In other words, a moderate economic growth environment that has low inflation. This allows a market-friendly monetary policy that in turn fosters consistent and gradual economic and financial market growth.