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Keywords:economic policy OR Economic policy 

Journal Article
Opinion : is Greenspan a Wicksellian?

Econ Focus , Volume 8 , Issue Win , Pages 48

Speech
The optimal inflation target in an economy with limited enforcement

Presented at Indiana University.
Speech , Paper 166

Journal Article
Paul Samuelson and monetary analysis

Monetary Trends , Issue Apr

Journal Article
An economist's viewpoint: using economics to shed light on current policy issues

The Region , Volume 18 , Issue Sep , Pages 2-5

Journal Article
Great expectations: the role of beliefs in economics and monetary policy

Whether one looks at consumers or businesses, expectations - people's beliefs - are driving forces of every economy. The economic outcomes one can expect from public policy are affected by the way beliefs are formed and how they vary over time. In "Great Expectations: The Role of Beliefs in Economics and Monetary Policy," President Anthony Santomero presents his perspective on the important role beliefs play in economic decisions and policymaking. He also offers some observations on the important role the policymaker's credibility plays in determining the outcome of any monetary policy ...
Business Review , Issue Q2 , Pages 1-6

Journal Article
On the record: putting people into economic policy: a conversation with Finn Kydland

Finn Kydland, a Dallas Fed consultant since 1994, shared the 2004 Nobel Prize in economics with Edward C. Prescott for their groundbreaking work incorporating decisionmaking by individuals, households and firms into economic models.
Southwest Economy , Issue May , Pages 8-9

Journal Article
Economic policy implications of world demographic change

Demographic changes over the next 50 years will affect the world economy in many ways. Some of these effects will be beneficial. In developing countries, for example, falling birthrates will enable women to supply more paid labor and families to invest more in the education of each child. Other demographic changes will cause economic problems. In developed countries, population aging is likely to imply government pension systems cannot continue with their current rules. Population growth in developing countries could also change patterns of world trade and thereby reduce the wages of some ...
Economic Review , Volume 89 , Issue Q I , Pages 39-64

Journal Article
President's message: Policy trumps luck

Econ Focus , Volume 11 , Issue Win , Pages 1

Speech
Monetary Policy and the Economic Outlook

Remarks at Euromoney Real Return XIII: The Inflation-Linked Products Conference 2019, New York City.
Speech , Paper 328

Report
Expectations versus fundamentals: does the cause of banking panics matter for prudential policy?

There is a longstanding debate about whether banking panics and other financial crises always have fundamental causes or are sometimes the result of self-fulfilling beliefs. Disagreement on this point would seem to present a serious obstacle to designing policies that promote financial stability. However, we show that the appropriate choice of policy is invariant to the underlying cause of banking panics in some situations. In our model, the anticipation of being bailed out in the event of a crisis distorts the incentives of financial institutions and their investors. Two policies that aim to ...
Staff Reports , Paper 519

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