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5 days ago · Three of the anti-draft members, Milton Friedman, W. Allen Wallis, and Alan Greenspan, were economists; all four directors of research and the executive director were economists; and many of the staffers who did the research were economists. What was the economic argument?
2 days ago · Whether the Fed accomplishes 2% inflation or concedes to aim higher, long-term U.S. interest rates, as measured by the 10-year Treasury, BX:TMUBMUSD10Y, should be much higher than the 2.35% ...
3 days ago · Alan Greenspan testified in October 1993 that there was "an awareness that independence of the central bank is an element in keeping inflation down." Ben Bernanke remarked in May 2010: "It is important that we maintain and protect...the ability of central banks to make monetary policy decisions based on what is good for the economy in the longer run, independent of short-term political ...
1 day ago · In contrast, the lowest volatility state spanned Alan Greenspan’s term. Lanne et al. ( 2010 ) and Lütkepohl and Woźniak ( 2020 ) obtained a similar interpretation of MS heteroskedastic states and used it to identify a monetary policy shock in a structural dynamic model.
3 days ago · Alan Greenspan, the former Chair of the Federal Reserve, once said: “Uncertainty is not just a pervasive feature of the monetary policy landscape; it is the defining characteristic of that landscape.” 1. That certainly sums up our experience since the outbreak of the COVID-19 pandemic four and a half years ago.
2 days ago · So Slate’s Jacob Weisberg went digging for answers. Just about everybody agrees that Alan Greenspan is at fault, somehow. After that, everything is up for debate. Conservative economists–ever worried about inflation–tend to fault Greenspan for keeping interest rates too low between 2003 and 2005 as the real estate and credit bubbles inflated.
3 days ago · 1 Alan Greenspan, Risk and Uncertainty in Monetary Policy, remarks at the Meetings of the American Economic Association, San Diego, California, January 3, 2004. 2 Federal Reserve Bank of New York, Global Supply Chain Pressure Index. 3 As measured by 12-month change in the Personal Consumption Expenditures Price Index.
