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How Monetary Policy Got Behind the Curve and How to Get Back - Couverture rigide

 
9780817925642: How Monetary Policy Got Behind the Curve and How to Get Back
Couverture rigide
ISBN 10 : 0817925643 ISBN 13 : 9780817925642
Editeur : Hoover Institution Press,U.S., 2023

Synopsis

With the inflation rate in the United States and many other countries on the rise for over a year and nearing double digits, the Hoover Institution hosted its 2022 conference on monetary policy. Policy makers, market participants, and academic researchers gathered to discuss the situation. Many agreed that low interest rates and high money growth were inappropriate given the high inflation rate and evidence that the United States has recovered from the deep recession induced by the pandemic and its policy response in 2020. The thoughtful papers and the thorough discussions in this volume of conference proceedings illustrate the debate about the reasons for this mismatch, as well as how to get back on track. They reflect a range of opinions and perspectives, including examination of the fiscal shock resulting from the COVID pandemic and the related borrowing and spending; emphasis on the value of adherence to rules versus discretion in setting Fed policy; lessons from history in the spikes in federal expenditures during times of war (including the pandemic) and in the timing of the Fed's use of its policy instruments; the role of central banks in the emerging inflation crisis; and strategies toward disinflation.

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À propos de l'auteur

Michael D. Bordo is a visiting fellow at the Hoover Institution, and a Board of Governors Professor of Economics and director of the Center for Monetary and Financial History at Rutgers University.

John B. Taylor is a senior fellow at the Hoover Institution, and the Mary and Robert Raymond Professor of Economics and director of the Introductory Economics Center at Stanford University.

John H. Cochrane is a senior fellow at the Hoover Institution, a research associate of the National Bureau of Economic Research, and an adjunct scholar of the Cato Institute.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Hoover Institution Press,U.S.
Date d'édition
2023
Langue
anglais
ISBN 10 
0817925643
ISBN 13 
9780817925642
Reliure
Relié
Nombre de pages
422
Éditeur
Bordo Michael D., Taylor John B., Cochrane John H.
Coordonnées du fabricant
non disponible
Personne responsable
non disponible