Tags » Greenspan
No visible difference in the behavior of inflation, which remained closer to “target” during Greenspan´s last decade.
There´s a big difference in the behavior of unemployment, much lower during Greenspan´s tenure. 153 more words
One of my favourite passages in Ben Bernanke’s memoir of the financial crisis and its aftermath, The Courage to Act, describes how, on the way to the Federal Reserve building to deal with the imploding Bear Stearns, Bernanke takes the time to email his assistant Rita Proctor: “Pls order a couple of muffins and oj for me. 457 more words
That well describes the challenges faced by monetary policymakers according to this piece from Bloomberg Business “Are we tight yet? The Fed´s problem in finding the neutral rate… 1,103 more words
In Alan Greenspan’s famous (famous to us Econ nerds, that is) essay of 1966 entitled Gold And Economic Freedom, the then-young economist, writing with the subtext of condescension, resentment, and hint of conspiracy-theorizing prevalent among (Ayn) Randians, decried America’s departure from the Gold Standard. 2,376 more words