Monetary Policy Makers Rethink the Rules, and Other Economic Must-Reads
ByHere’s a roundup of influential economic research from the past week
President of the Federal Reserve Bank of San Francisco John Williams.
The world made it through the Great Recession. Now it’s entered what you might call the Great Reassessment.
High-profile researchers are publicly questioning the most basic tenets of monetary policy in the run-up to the Federal Reserve Bank of Kansas City’s economic symposium in Jackson Hole, Wyoming, which starts Aug. 25. San Francisco Fed President John Williams has issued a call for a major rethink among central bankers and fiscal policy makers, with an eye on scrapping low-inflation targeting. Former Fed Chairman Ben Bernanke analyzes why the Fed has been revising its economic projections. Meanwhile, a new IMF paper assesses both the effectiveness of, and the outlook for, Europe’s negative interest-rate policies…
Monetary Policy Makers Rethink the Rules, and Other Economic Must-Reads
