199 posts on "Monetary Policy"
July 11, 2012
The Puzzling Pre‑FOMC Announcement “Drift”
For many years, economists have struggled to explain the “equity premium puzzle”—the fact that the average return on stocks is larger than what would be expected to compensate for their riskiness.
Posted at 7:00 am in Expectations, Financial Markets, Monetary Policy, Stocks | Permalink | Comments (9)
May 23, 2012
What’s Driving Up Money Growth?
Two key monetary aggregates, M1 and M2, have grown quickly recently—especially M1, the narrow aggregate.
May 11, 2012
Just Released: The New York Fed Staff Forecast—May 2012
We are presenting the New York Fed staff outlook for the U.S. economy to the New York Fed’s Economic Advisory Panel (EAP) at their meeting here today.
Posted at 10:30 am in Forecasting, Inflation, Macroeconomics, Monetary Policy, Unemployment | Permalink
April 11, 2012
The European Growth Outlook and Its Risks
As Europe continued to struggle with its sovereign debt crisis during the past two years, significant concerns about the growth outlook for European Union members began to emerge in late 2011.
Posted at 7:00 am in Euro Area, Forecasting, International Economics, Monetary Policy | Permalink | Comments (2)
April 4, 2012
Corridors and Floors in Monetary Policy
As part of its prudent planning for future developments, the Federal Open Market Committee (FOMC) has discussed strategies for normalizing the conduct of monetary policy, when appropriate, as the economy strengthens.
March 30, 2012
Just Released: Chairman Bernanke Returns to His Academic Roots, Part 2
his week, Federal Reserve Chairman Ben Bernanke completed his four-lecture series for undergraduate students at the George Washington School of Business in Washington, D.C.
March 23, 2012
Just Released: Chairman Bernanke Returns to His Academic Roots
Federal Reserve Chairman Ben Bernanke is back in the classroom this month to deliver a series of four lectures for undergraduate students at the George Washington School of Business in Washington, D.C.
Posted at 7:00 am in Central Bank, Education, Inflation, Monetary Policy, Recession | Permalink | Comments (2)
November 25, 2011
The Failure to Forecast the Great Recession
The economics profession has been appropriately criticized for its failure to forecast the large fall in U.S. house prices and its propagation first into an unprecedented financial crisis and subsequently into the Great Recession.
Posted at 6:00 pm in Forecasting, Macroeconomics, Monetary Policy, Recession, Unemployment | Permalink | Comments (30)
November 16, 2011
Why Is There a “Zero Lower Bound” on Interest Rates?
Economists often talk about nominal interest rates having a “zero lower bound,” meaning they should not be expected to fall below zero.
November 8, 2011
Just Released: Conference on Global Systemic Risk Explores Four Key Questions
The 2007-09 financial crisis spread to markets and institutions around the world, demonstrating why global systemic risk is a major concern in modern financial markets.
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