Strategic Review and Beyond: Rethinking Monetary Policy and Independence

John Cochrane

Review, 2020, vol. 102, issue 2, 99-119

Abstract: I survey monetary policy strategy, regulation, and central banks’ mandates and independence. I do not think strongly negative interest rates, vastly expanded quantitative easing, or extensive forward guidance can or should stimulate in the next recession.

JEL-codes: E52 E58 E61 G28 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedlrv:88586

DOI: 10.20955/r.102.99-119

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