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Hace 4 días · Y recurre a una cita de otro expresidente de la Reserva Federal, Ben Bernanke, para argumentarlo: “Un banco central sujeto a influencias políticas a corto plazo probablemente no sería creíble ...
Hace 2 días · Ben Bernanke once famously said that “the problem with quantitative easing is that it works in practice, but it doesn’t work in theory”. The case for irrelevance is based on the “Wallace neutrality”, which states that changes in the size and composition of a central bank balance sheet should – under certain conditions – have no effect on asset prices, output or inflation.
Hace 3 días · It cites former Federal Reserve chair, Ben Bernanke, who argued: “A central bank subject to short-term political influences would likely not be credible when it promised low inflation, as the public would recognize the risk that monetary policymakers could be pressured to pursue short-run expansionary policies that would be inconsistent with long-run price stability.”
Hace 1 día · Federal Reserve Chairman Ben Bernanke said Thursday that he didn’t believe the growing number of mortgage defaults would seriously harm the economy, and also noted that banks share significant ...
Hace 1 día · The common feature is that inflation has been primarily due to supply disruptions and sharp increases in the prices of food and energy, as concluded by Ben Bernanke and Olivier Blanchard in their recent paper 1. Yet, the effects of these price shocks are fading out relatively quickly.
Hace 3 días · Three periods of inflation in the euro era, 1999-2024. To set the stage, let me illustrate the brief history of inflation in the euro area with a graph that neatly divides the last quarter century of the euro into three periods of inflation, on average: 1) at around 2% during the waning great moderation in 1999-2009; 2) at 1.2% during the post ...
Hace 3 días · Dr. Croushore’s publications include articles in many leading economics journals. He is co-author with Andrew B. Abel and Ben S. Bernanke of Macroeconomics, 11th edition, published by Pearson/Addison Wesley. Visiting scholar, Federal Reserve Bank of Philadelphia.
