monetary policy

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Expert Debate: Scott Sumner & John Cochrane Debate Monetary Policy

Wednesday 15 July 2009 | Managing Editor | 0 comments

Scott Sumner (Bentley University) and John Cochrane (University of Chicago) discuss monetary policy and its role in causing--and ameliorating--the financial crisis. Both professors Sumner and Cochrane have somewhat iconoclastic takes on monetary policy and the crisis, and the discussion is wide-ranging and engaged. Professor Sumner discusses the monetary origins of the crisis and the failure of the Fed to engage in aggressive monetary stimulus--by failing to employ NGDP targeting or other novel means...

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Regulatory Restructuring: Balancing the Independence of the Federal Reserve in Monetary Policy with Systemic Risk Regulation

Thursday 09 July 2009 | House Financial Services Committee: Subcommittee on Domestic Monetary Policy and Technology Hearing | 0 comments

The current regulatory system, created largely as a response to the Great Depression of the 1930's, was proven ineffective and outdated at preventing and addressing the current financial crisis.  President Obama has proposed to give the Federal Reserve board new powers, including the power to serve as the systemic risk regulator for large and interconnected financial firms, this hearing discusses that decision as well as the pros and cons of doing so. 

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Implications of the G-20 Leaders Summit for Low Income Countries and the Global Economy

Wednesday 13 May 2009 | Subcommittee on International Monetary Policy and Trade Hearing | 0 comments
On April 2, 2009, the leaders of the G20 nations gathered in London to address the global financial crisis which has gripped nearly every nation in the world. The resolution put forward by the leaders was broad and far reaching, both in its scope as measured by the actions proposed, but also in its inclusion of nations which we may have been tempted to ignore in the past.
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Fed discussed ‘nontraditional’ monetary policy tools in 2003s

Wednesday 06 May 2009 23:29 | Managing Editor | 0 comments
Ex Fed chief economist Vincent Reinhart presented a case in 2003 for monetary policy options once the federal funds overnight rate fell to virtually zero, according to a just-released report.