Showing 1 - 10 of 376
inadequate policy tools and theory from the interwar period, set the stage for the Great Inflation of the 1970s. The lessons from … that experience have convinced monetary authorities to reemphasize the goal of low inflation, as it were, committing …
Persistent link: https://www.econbiz.de/10014024247
This paper describes the challenges of globalization in terms of the logic underpinning four distinct policy constraints or "trilemmas" and their interrelationship; in particular the disturbances that arise from capital flows and the difficulties of adjusting monetary policies to a global...
Persistent link: https://www.econbiz.de/10013388862
The economics literature lacks articles that provide a broad roadmap-let alone a logical explanation-of the new set of Federal Reserve policy tools that were created to counter the COVID-19 recession. This study provides an overview of the motivation for these new credit-easing programs-namely...
Persistent link: https://www.econbiz.de/10012800421
with low credibility (high persistence of inflation) tend to have better predictability …
Persistent link: https://www.econbiz.de/10014223063
Persistent link: https://www.econbiz.de/10011981874
Persistent link: https://www.econbiz.de/10012229712
collapse of the Bretton Woods system between 1971 and 1973 was rising U.S. inflation since 1965. It was driven in turn by … imports and a ninety day wage price freeze--was that U.S. inflation, driven by macro policies, was the main problem facing the … Federal Reserve Chairman Arthur F. Burns, Nixon adopted wage and price controls to mask the inflation, hence punting the …
Persistent link: https://www.econbiz.de/10012481056
collapse of the Bretton Woods System between 1971 and 1973 was rising US inflation since 1965. It was driven in turn by … imports and a ninety-day wage-price freeze), was that US inflation, driven by macro-policies, was the main problem facing the … Arthur F. Burns, Nixon adopted wage and price controls to mask the inflation, hence punting the problem into the future. I …
Persistent link: https://www.econbiz.de/10012310781
collapse of the Bretton Woods system between 1971 and 1973 was rising U.S. inflation since 1965. It was driven in turn by … imports and a ninety day wage price freeze—was that U.S. inflation, driven by macro policies, was the main problem facing the … Federal Reserve Chairman Arthur F. Burns, Nixon adopted wage and price controls to mask the inflation, hence punting the …
Persistent link: https://www.econbiz.de/10012906267
"Proceedings from the 2022 Hoover Institution monetary policy conference examine recent inflation in the wake of fiscal … and other shocks and measures by the Federal Reserve intended to counter inflation." …
Persistent link: https://www.econbiz.de/10013460981