Finishing the Inflation Job and New Challenges for Monetary Policy

Lingua: inglese

Editore: Hoover Institution Press Apr 2026, 2026

081792714X / 9780817927141

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Neuware - Target 2%: Easing Inflation in an Uncertain WorldHow should the Fed finish the inflation-reduction job and prepare for the changing world ahead, addressing challenges of tariffs, supply chain 'shocks,' and changes in the status of the dollar and the nature of international cooperation Finishing the Inflation Job and New Challenges in Monetary Policy collects essays and discussions from the annual Hoover Institution Monetary Policy Conference, held on May 9, 2025, exploring these themes and considering other big-picture issues that affect monetary policy in this volatile international environment. Each year, the conference brings together academics, policymakers, media members, and others to consider the issues affecting monetary policy, both in the United States and worldwide. In her welcoming remarks to the conference, Hoover Director Condoleezza Rice sets the tone, stating that the United States is 'experiencing an avalanche of uncertainty,' with everything about the international order in question, including the United States' role in it. With inflation still stubbornly above the Federal Reserve's 2% target at the time of the conference, how to finish the inflation-reduction job was a natural point of focus. But contributors also explore in depth many other challenges and questions on monetary policy that lie ahead: How should central banks counter a new surge of inflation, should one arise What lessons should we take from the 2021-22 inflationary episode Are tariffs the next supply shock How should central banks adapt their formal strategies, constructed in an era of zero-interest rates and low inflation How should financial regulation adapt to the uncertainties of geopolitics and the big technological innovations going on around us This year's conference included a celebration of the life and career of John B. Taylor. Many essays convey this spirit of homage, noting the influence of Taylor and the Taylor rule on policymaking. Among its eight sections, the book proceeds by exploring current issues in finance and the financial regulation of cryptocurrency, the growing role of private credit, and how the history of the price stability objective reverberates in the present day. Monetary policy must adapt to this very new world.…

Codice articolo 9780817927141

Titolo
Finishing the Inflation Job and New Challenges for Monetary Policy
Autore
John H Cochrane
Editore
Hoover Institution Press Apr 2026
Anno di pubblicazione
2026
Condizione
Neu
Rilegatura
Buch
Lingua
inglese
ISBN 10
081792714X
ISBN 13
9780817927141
Peso dell'articolo
785 grammi
Dimensioni
223x146x32 mm

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