eBook - ePub

How Monetary Policy Got Behind the Curve—and How to Get Back

Name: How Monetary Policy Got Behind the Curve—and How to Get Back
Author: Michael D. Bordo, John B. Taylor, John H. Cochrane, Michael D. Bordo,John B. Taylor,John H. Cochrane

422 pages
English
ePUB (mobile friendly)
Available on iOS & Android

eBook - ePub

How Monetary Policy Got Behind the Curve—and How to Get Back

About this book

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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Yes, you can access How Monetary Policy Got Behind the Curve—and How to Get Back by Michael D. Bordo, John B. Taylor, John H. Cochrane, Michael D. Bordo,John B. Taylor,John H. Cochrane in PDF and/or ePUB format, as well as other popular books in Economics & Monetary Policy. We have over one million books available in our catalogue for you to explore.