\"Optimal Monetary Policy for the Masses: a presentation at the Center for Research on the Wisconsin Economy, University of Wisconsin-Madison, Madison, Wis

James Bullard and Riccardo DiCecio

No 331, Speech from Federal Reserve Bank of St. Louis

Abstract: In a presentation at the University of Wisconsin-Madison, St. Louis Fed President James Bullard highlighted his recent working paper, which examines whether monetary policy can be conducted in a way that benefits all households even in a world with substantial income, financial wealth and consumption inequality. In the paper, nominal GDP targeting constitutes ?optimal monetary policy for the masses,? he said.

Pages: 39 pages
Date: 2019-03-28
New Economics Papers: this item is included in nep-dge and nep-mac
Note: Related presentations and working paper, titled Optimal Monetary Policy for the Masses.
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