The Federal Reserve and Shared Prosperity: A Guide to the Policy Issues and Institutional Challenges
The Federal Reserve is a hugely powerful institution whose policies ramify with enormous effect throughout the economy. In the wake of the Great Recession, monetary policy focused on quantitative easing. Now, there is talk of normalizing monetary policy and interest rates. That conversation is important, but it is also too narrow and keeps policy locked into a failed status quo. There is need for a larger conversation regarding the entire framework for monetary policy and how central banks can contribute to shared prosperity. It is doubtful the US can achieve shared prosperity without the policy cooperation of the Fed. That makes understanding the Federal Reserve, the policy issues and institutional challenges, of critical importance.
Year of publication: |
2015
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Authors: | Palley, Thomas I. |
Institutions: | Institut für Makroökonomie und Konjunkturforschung (IMK), Hans Böckler Stiftung |
Saved in:
freely available
Extent: | application/pdf |
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Series: | IMK Working Paper. - ISSN 1861-2199. |
Type of publication: | Book / Working Paper |
Notes: | Number 146-2015 42 pages |
Source: |
Persistent link: https://www.econbiz.de/10011171462
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