Can Somebody Please Tell Me Why Niall Ferguson Thinks William White Presented His "Ultra-Easy Monetary Policy" Paper at Jackson Hole This Year?
Niall Ferguson:
Niall Ferguson on The Fed’s Dirty Easy Money: Which mattered more to you last week: the Republican National Convention in Tampa, or the Federal Reserve’s annual economic-policy symposium in Jackson Hole, Wyo.?… [I]f you’re one of the fortunate few who manages anything above $100 million in financial assets, it was Jackson Hole…. Everyone knows about the fiscal cliff…. But could there also be a monetary cliff? The Fed has thrown a lot at our ailing economy…. The Fed is in a hole—a Jackson Hole…. The Jackson Hole symposium is one of the highlights of the wonk calendar, and I am sorry I had to miss this year’s. Back in 2005, U of Chicago’s Raghuram Rajan gave a paper titled “Has Financial Development Made the World Riskier?,” which presciently warned that bankers were “flirt[ing] continuously with the limits of illiquidity” and that “we should be prepared for the low probability but highly costly downturn.” This year’s hit paper was published ahead of Jackson Hole: William White’s “Ultra Easy Monetary Policy and the Law of Unintended Consequences”…
It really isn't hard to look at the program to see what was and was not on the calendar:
2012 Economic Policy Symposium Agenda:
Esther George… Susan M. Collins… Kristin J. Forbes… Franklin Allen… Andrew Haldane… José De Gregorio… Eswar S. Prasad… Michael Woodford… Adam S. Posen… Jaime Caruana… Stanley Fischer… Markus K. Brunnermeier… Yuliy Sannikov… Amir Sufi… Edward P. Lazear… James R. Spletzer… Athanasios Orphanides… Zeti Akhtar Aziz… Alan S. Blinder… Stanley Fischer…
And that is it.
Can somebody please tell me why Niall Ferguson thinks William White presented his "Ultra-Easy Monetary Policy" paper at Jackson Hole this year?
