Random refereeing: how uncertainty hinders economic growth (with reference to lucky puppies, pepper...and salt, Lawrence Summers and Thomas Jefferson)

Richard W. Fisher

No 63, Speeches and Essays from Federal Reserve Bank of Dallas

Abstract: Remarks before the Greater San Antonio Chamber of Commerce, San Antonio, Texas, July 29, 2010 ; \"In whatever realm and whatever form, excessive uncertainty is the enemy of economic growth. As Ben Bernanke wrote in 1980, the 'resolution of uncertainty' can lead to '[a business] investment boom.' It follows, then, that if and as regulators and legislators provide more clarity, a major roadblock to economic growth will be removed.\"

Keywords: economic conditions - United States; Regulation; Uncertainty; Fiscal policy - United States; Financial services industry - Law and legislation (search for similar items in EconPapers)
Date: 2010
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