Journal Article

Strategic Review and Beyond: Rethinking Monetary Policy and Independence

Abstract: I survey monetary policy strategy, regulation, and central banks’ mandates and independence. I do not think strongly negative interest rates, vastly expanded quantitative easing, or extensive forward guidance can or should stimulate in the next recession.

JEL Classification: E52; E58; E61; G28;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: Review

Publication Date: 2020-05

Volume: 102

Issue: 2

Pages: 99-119