{"product_id":"how-monetary-policy-got-behind-the-curveand-how-to-get-back-9780817925642","title":"How Monetary Policy Got Behind the Curveand How","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eLow interest rates and high money growth are inappropriate given high inflation and evidence that the United States has recovered from the deep recession induced by the pandemic and its policy response in 2020. The thoughtful papers in this volume illustrate the debate about the reasons for this mismatch, as well as how to get back on track.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cul\u003e\n\u003cli\u003ePreface: Michael D. Bordo, John H. Cochrane, and John B. Taylor\u003c\/li\u003e\n\u003cli\u003e1. Introductory Remarks: Condoleezza Rice\u003c\/li\u003e\n\u003cli\u003eWhat Monetary Policy Rules and Strategies Say\u003c\/li\u003e\n\u003cli\u003e2. Perspectives on US Monetary Policy: Richard H. Clarida\u003c\/li\u003e\n\u003cli\u003e3. A Labor Market View on Inflation: Lawrence H. Summers\u003c\/li\u003e\n\u003cli\u003e4. It's Time to Get Back to Rules-Based Monetary Policy: John B. Taylor\u003c\/li\u003e\n\u003cli\u003eIntroductory Remarks: Tom Stephenson\u003c\/li\u003e\n\u003cli\u003eGeneral Discussion: Robert Hall, Terry Anderson, Krishna Guha, Ellen Meade\u003c\/li\u003e\n\u003cli\u003eFiscal Policy and Other Explanations\u003c\/li\u003e\n\u003cli\u003e5. Inflation Past, Present, and Future: Fiscal Shocks, Fed Response, and Fiscal Limits: John H. Cochrane \u003c\/li\u003e\n\u003cli\u003e6. How Monetary Policy Got So Far behind the Curve: The Role of Fiscal Policy: Tyler Goodspeed \u003c\/li\u003e\n\u003cli\u003e7. Current Market Perspectives: Beth Hammack Introductory Remarks: Charles \u003c\/li\u003e\n\u003cli\u003eI. PlosserGeneral Discussion: Krishna Guha, Mickey D. Levy, James Bullard, Richard H. Clarida, Markos Kounalakis\u003c\/li\u003e\n\u003cli\u003eThe Fed's Delayed Exits from Monetary Ease\u003c\/li\u003e\n\u003cli\u003e8. The Fed's Monetary Policy Exit Once Again behind the Curve: Michael D. Bordo and Mickey D. Levy Discussant Remarks: Jennifer BurnsIntroductory Remarks: Kevin WarshGeneral Discussion: Ricardo Reis, Richard H. Clarida, James BullardInflation Risks\u003c\/li\u003e\n\u003cli\u003e9. The Burst of High Inflation in 2021-22: How and Why Did We Get Here?: Ricardo Reis\u003c\/li\u003e\n\u003cli\u003eDiscussant Remarks: Volker Wieland\u003c\/li\u003e\n\u003cli\u003eIntroductory Remarks: Arvind Krishnamurthy\u003c\/li\u003e\n\u003cli\u003eGeneral Discussion: Robert Hall, James Bullard, Patrick Kehoe, Marc Katz, Elena PastorinoWorld Wars: Fiscal-Monetary Consequences\u003c\/li\u003e\n\u003cli\u003e10. Financing Big US Federal Expenditures Surges: COVID-19 and Earlier US Wars: George J. Hall and Thomas J. Sargent\u003c\/li\u003e\n\u003cli\u003eDiscussant Remarks: Ellen R. McGrattan\u003c\/li\u003e\n\u003cli\u003eIntroductory Remarks: John Lipsky\u003c\/li\u003e\n\u003cli\u003eGeneral Discussion: James Bullard, Krishna Guha, Michael D. Bordo, William Nelson, Robert Hall, John H. Cochrane, Patrick Kehoe\u003c\/li\u003e\n\u003cli\u003eToward a Monetary Policy Strategy\u003c\/li\u003e\n\u003cli\u003e11. Is the Fed            Behind the Curve? Two Interpretations: James Bullard\u003c\/li\u003e\n\u003cli\u003e12. Strategy and Execution in US Monetary Policy 2021-22: Randal Quarles\u003c\/li\u003e\n\u003cli\u003e13. Reflections on Monetary Policy in 2021: Christopher J. Waller\u003c\/li\u003e\n\u003cli\u003eIntroductory Remarks: Joshua Rauh\u003c\/li\u003e\n\u003cli\u003eGeneral Discussion: David H. Papell, Mickey D. Levy, Tyler Goodspeed, John Gunn, John H. Cochrane, Nick Timiraos, Andrew Levin, William Nelson\u003c\/li\u003e\n\u003cli\u003e14. Inflation Blues: The Fortieth-Anniversary Revival? Monika Piazzesi\u003c\/li\u003e\n\u003cli\u003eGeneral Discussion: James Bullard, Krishna Guha, Arvind Krishnamurthy, Axel Merk, David H. Papell\u003c\/li\u003e\n\u003cli\u003eAbout the Contributors\u003c\/li\u003e\n\u003cli\u003eAbout the Hoover Institution's Working Group on Economic Policy\u003c\/li\u003e\n\u003cli\u003eIndex\u003c\/li\u003e\n\u003cli\u003e\u003cul\u003e\u003c\/ul\u003e\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"Hoover Institution Press,U.S.","offers":[{"title":"Default Title","offer_id":49527975084375,"sku":"9780817925642","price":14.2,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780817925642.jpg?v=1731869920","url":"https:\/\/bookcurl.com\/products\/how-monetary-policy-got-behind-the-curveand-how-to-get-back-9780817925642","provider":"Book Curl","version":"1.0","type":"link"}