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January 9, 2015

Historical Echoes: Metaphors for Monetary Policy and Some GMAT Nostalgia

Amy Farber

Metaphors, similes, analogies – we know they’re not the same thing, but they can do pretty much the same job when illustrating what monetary policy is like (or what anything is like).

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Posted at 7:00 am in Historical Echoes | Permalink

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Liberty Street Economics features insight and analysis from New York Fed economists working at the intersection of research and policy. Launched in 2011, the blog takes its name from the Bank’s headquarters at 33 Liberty Street in Manhattan’s Financial District.

The editors are Michael Fleming, Andrew Haughwout, Thomas Klitgaard, and Asani Sarkar, all economists in the Bank’s Research Group.

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