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Standard Acccount of Central Bank Independence
Legal Separation
Politicians (usually the President) Central Bankers (usually the Fed Chair)
Technocratic Skill
LONG-TERM LOW INTEREST RATES AT THE FEDERAL RESERVE Peter - - PowerPoint PPT Presentation
LONG-TERM LOW INTEREST RATES AT THE FEDERAL RESERVE Peter - - PowerPoint PPT Presentation
POLITICS, INDEPENDENCE, AND LONG-TERM LOW INTEREST RATES AT THE FEDERAL RESERVE Peter Conti-Brown Assistant Professor KNOWLEDGE FOR ACTION Standard Acccount of Central Bank Independence Legal Separation Central Bankers (usually the Fed
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Metaphors of Fed Independence Ulysses Contract
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Metaphors of Fed Independence: Punch Bowl
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The Fed is “in the position
- f the chaperone who has
- rdered the
punch bowl removed just when the party was really warming up.” William McChesney Martin (Fed Chair, 1955).
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Standard Acccount of Fed Independence...
Legal Separation
Politicians (usually the President) Central Bankers (usually the Fed Chair)
Technocratic Skill
…is
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The Federal Reserve Coalition
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The Federal Reserve Coalition
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What Will Trump Do?
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