Has anyone analyzed the impact on monetary policy and macroeconomics? The Fed has a dual mandate of low inflation and maximal employment, and as a result, is c

Has anyone analyzed the impact on monetary policy and macroeconomics? The Fed has a dual mandate of low inflation and maximal employment, and as a result, is currently printing money indefinitely. The ECB only has a mandate of low inflation, and has had an excellent track record. However, the Eurozone is currently having an unemployment crisis. The BI (potentially with abolition of the minimum wage) would then mitigate the impacts of unemployment. With basic income, couldn't the Fed become more like the ECB, and drop the employment mandate? Then, we could potentially greatly curtail our money printing. Also, what are the effects on macroeconomics? Couldn't BI attenuate the boom-bust cycle? Deflation would even be constructive: the real value of the BI is increased without raising the nominal value. The Fed can then take its time, during recession, in deciding when to start the printing presses again.