Presentation to the Financial Women’s Association of San Francisco, San Francisco, CA, October 15, 2012

Presentation to the Financial Women’s Association of San Francisco, San Francisco, CA, October 15, 2012

The zero lower bound on nominal interest rates has constrained the Federal Reserve’s setting of the overnight federal funds rate for over three years running. According to many macroeconomic models, such an extended period of being stuck at the zero bound has important implications for the...

Presentation to the University of San Francisco Center for the Pacific Rim, San Francisco, California, November 14, 2012

Presentation to the University of San Francisco Center for the Pacific Rim, San Francisco, California, November 14, 2012

This paper focuses on simple normative rules for monetary policy that central banks can use to guide their interest rate decisions. Such rules were first derived from research on empirical monetary models with rational expectations and sticky prices built in the 1970s and 1980s. During the past...

Presentation to the Rotary Club of Seattle, Seattle, Washington, September 6, 2011

Presentation to community leaders, Salt Lake City, Utah, November 2, 2012