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Comments on current conundra
Fisher, Richard W. - Federal Reserve Bank of Dallas - 2007
Remarks to the 2007 Annual Conference of the Investment Adviser Association, Austin, Texas, April 26, 2007 ; "Many options would improve the fiscal fitness of our entitlement system and reduce the need for drastic action elsewhere in the federal budget. But let's be honest. These remedies work...
Persistent link: https://www.econbiz.de/10010725998
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Buy a ticket! (with reference to the Strauss Brothers, Ambassador Mike Moore, Kenneth Arrow, financial sharpies, Martin Luther King Jr. and Gov. Dewey)
Fisher, Richard W. - Federal Reserve Bank of Dallas - 2011
Remarks before the Dallas Friday Group, Dallas, Texas, October 21, 2011 ; "Absent some shock, I envision a slow but steady improvement in the economy into 2012. That is, if our fiscal authorities will remove their stranglehold on clarifying fiscal initiatives. If not, then, in my view, I expect...
Persistent link: https://www.econbiz.de/10010723065
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Confessions of a data dependent
Fisher, Richard W. - Federal Reserve Bank of Dallas - 2006
Remarks before the New York Association for Business Economics, New York, November 2, 2006 ; "Globalization brings new influences into the Fed's navigation calculations to determine the best flight path for the U.S. economy. To determine that course...we must develop a better understanding of...
Persistent link: https://www.econbiz.de/10010726054
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Evidence on the two monetary base measures and economic activity
Haslag, Joseph H.; Hein, Scott E. - Federal Reserve Bank of Dallas - 1988
Persistent link: https://www.econbiz.de/10005394455
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Sharing the burden: monetary and fiscal responses to a world liquidity trap
Cook, David; Devereux, Michael B. - Federal Reserve Bank of Dallas - 2011
With integrated trade and financial markets, a collapse in aggregate demand in a large country can cause "natural real … negative demand shock requires raising world aggregate demand, as well as redirecting demand towards the source (home) country …. ; The key feature of demand shocks in a liquidity trap is that relative prices respond perversely. A negative shock causes …
Persistent link: https://www.econbiz.de/10009292929
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Some alternative perspectives on macroeconomic theory and some policy implications
White, William R. - Federal Reserve Bank of Dallas - 2010
insights need to be complemented by some insights from the Austrian school as well as those of Minsky. Demand factors are …
Persistent link: https://www.econbiz.de/10008598684
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Racing to the top: how global competition disciplines public policy
Fisher, Richard W. - Federal Reserve Bank of Dallas - 2006
Remarks before the Dallas Friday Group, Dallas, Texas, April 11, 2006 ; "Competition brings benefits to the public sector the same way it does the private sector. Because factors of production are increasingly mobile in an era of globalization, governments vie to gain and hold onto them. Mobile...
Persistent link: https://www.econbiz.de/10010723067
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The limits of monetary policy: 'Monetary policy responsibility cannot substitute for government irresponsibility'
Fisher, Richard W. - Federal Reserve Bank of Dallas - 2011
Remarks before a luncheon meeting of the Manhattan Institute and e21, New York City, January 12, 2011 ; "The key to correcting the underperformance of the American economy and American job creation does not rest with the Federal Reserve. It is in the hands of those who make fiscal and regulatory...
Persistent link: https://www.econbiz.de/10010726047
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Fiscal deficits, debt, and monetary policy in a liquidity trap
Devereux, Michael B. - Federal Reserve Bank of Dallas - 2010
The macroeconomic response to the economic crisis has revived old debates about the usefulness of monetary and fiscal policy in fighting recessions. Without the ability to further lower interest rates, policy authorities in many countries have turned to expansionary fiscal policies. Recent...
Persistent link: https://www.econbiz.de/10008475891