Focus on Monetary Policy and Inflation

Focus on Monetary Policy and Inflation

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On September 14, the Brookings Institution issued a report on the changing nature of central banking.

On September 14, the International Monetary Fund published a report on the relationship between monetary policy and commodity prices.

On September 13, the House Financial Services Committee held a hearing on H.R. 1098, a bill introduced by Rep. Ron Paul to allow private money to compete with government money.

Also on September 13, Adam Posen of the Bank of England gave a speech outlining additional steps that could be taken by central banks to increase economic growth.

In a September 8 commentary, University of Chicago economist Ragusa Rajan argued that higher inflation is unlikely to be a cure for the economy’s debt problem.

On September 7, Northern Trust economist Paul Kasriel published a report arguing that a lack of credit creation by banks is the key factor holding back growth.

On September 7, Federal Reserve Bank of Chicago president Charles Evans gave a speech discussing the Fed’s dual mandate of price stability and maximum employment.

On September 2, the Bureau of Labor Statistics published a report comparing its measure of inflation with that in the European Union. Using the EU approach here would have raised the published rate of inflation from 23.1 percent to 24.8 percent between 2001 and 2010.

In an August 25 commentary, University of Oregon economist Mark Thoma speculated that political attacks on the Federal Reserve were preventing it from being more aggressive about countering the economic slump.

On August 24, University of California, Berkeley, economist Barry Eichengreen published an article explaining why the gold standard is a bad idea.

I last posted items on this topic on August 16.

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.