\"Optimal Monetary Policy for the Masses,\" 28th Annual Hyman P. Minsky Conference, Levy Economics Institute of Bard College, Annandale-on-Hudson, N.Y

James Bullard

No 337, Speech from Federal Reserve Bank of St. Louis

Abstract: In a presentation at the 28th Annual Hyman P. Minsky Conference in Annandale-on-Hudson, N.Y., St. Louis Fed President James Bullard discussed his working paper on 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: 38 pages
Date: 2019-04-17
New Economics Papers: this item is included in nep-mac and nep-pke
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