Focus on Monetary Policy and Inflation

Focus on Monetary Policy and Inflation

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An August 15 commentary from the Federal Reserve Bank of New York examined the measurement of inflationary expectations.

On August 12, Morgan Stanley published a report on unconventional monetary policies to deal with the economic crisis.

In an August 8 commentary, Peterson Institute economist Joseph Gagnon urged the Federal Reserve to launch a $2 trillion asset purchase program to get the economy moving. On August 9, the Washington Post’s Ezra Klein interviewed Gagnon.

In an August 2 commentary, Harvard economist Ken Rogoff says that inflation is the best cure for the economy’s debt overhang.

On July 27, the Federal Reserve Bank of New York posted a commentary on the development of inflationary expectations.

On July 26, the Congressional Research Service issued a report on inflation, its causes, costs, and current status.

In a July 21 commentary, Cato Institute economist Tim Lee examined the persistence of conservative predictions of inflation despite no evidence of it. He thinks they are still living in the 1970s, intellectually.

On July 21, the U.S. Government Accountability Office released a report on the Federal Reserve’s emergency actions during 2008 and 2009.

On July 14, economist John Makin posted a commentary arguing that the Federal Reserve had reached the limit of its ability to stimulate the economy through monetary policy and that it should stop trying.

On July 13, Federal Reserve Board chairman Ben Bernanke testified before the House Committee on Financial Services.

I last posted items on this topic on July 12.

Bruce Bartlett is an American historian and columnist who focuses on the intersection between politics and economics. He blogs daily and writes a  weekly column for The Fiscal Times. Bartlett has written for Forbes Magazine and Creators Syndicate, and his work is informed by many years in government, including as a senior policy analyst in the Reagan White House. He is the author of seven books including the New York Times best-seller, Imposter: How George W. Bush Bankrupted America and Betrayed the Reagan Legacy (Doubleday, 2006).

Bruce Bartlett’s columns focus on the intersection of politics and economics. The author of seven books, he worked in government for many years and was senior policy analyst in the Reagan White House.