Strategic Review and Beyond: Rethinking Monetary Policy and Independence
22 Pages Posted: 19 Aug 2020
Date Written: May, 2020
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 Classification: E52, E58, E61, G28
Suggested Citation: Suggested Citation