Showing results 1 - 10 of 100
October 2022, Paper: "There has been growing concern about the effect on the public finances of the government having effectively borrowed at a floating rate of interest, which…
September 3, 2020, Paper: "In the past decade, foreign participation in local-currency bond markets in emerging countries increased dramatically. Additionally, emerging countries…
Negative interest rate policy in the post COVID-19 world. Kenneth Rogoff, April 17, 2020, Paper, "In the aftermath of the Global Crisis, conventional monetary policy has been…
February 2020, Paper: "Until the 2008–09 financial crisis, macroeconomic stabilization policy focused nearly exclusively on monetary policy. It made good sense. In terms of…
On Secular Stagnation in the Industrialized World. Lawrence Summers, August 2019, Paper, "We argue that the economy of the industrialized world taken as a whole is currently – and…
Central Banks Should Forget About 2% Inflation. Jeffrey Frankel, July 25, 2019, Opinion, "Despite years of monetary stimulus, inflation in the United States, Japan, and the…
Is Politics Getting to the Fed? Robert Barro, July 23, 2019, Opinion, "In the early 1980s, the chairman of the US Federal Reserve, Paul Volcker, was able to choke off runaway…
Mysteries of Monetary Policy. Robert Barro, July 4, 2019, Opinion, "Since the federal funds rate peaked at 22% in the early 1980s, inflation in the United States has remained low…
Explaining Inflation Inertia. Carmen Reinhart, May 6, 2019, Opinion, "Despite central bankers' concerted efforts, credible price-stability targets have proved elusive in countries…
Evolution or Revolution? Rethinking Macroeconomic Policy after the Great Recession. Lawrence Summers, 2019, Book, "Leading economists discuss post–financial crisis policy dilemmas…