Christina Romer: Monetary Policy in the Post-Crisis World: Noted
Christina Romer: Monetary Policy in the Post-Crisis World:
It [will] be helpful to step back from all of the discussion about who should be Fed chair, and talk instead about monetary policy more broadly. The last five years have been very difficult ones.... The Federal Reserve and other central banks had to take unprecedented actions to try to contain the panic. And they have continued to struggle to come up with innovative ways to spur lending and encourage growth. With the benefit of a little distance, I thought it would be useful to talk about what we have learned about monetary policy from the experience of the financial crisis, and the subsequent recession and slow recovery...
