Dear Friends & Colleagues,
I have recently written an op-ed for The Globalist titled “The US Federal Reserve and Shared Prosperity” [HERE]. It is based on a longer article titled “The Federal Reserve and Shared Prosperity: A Guide to the Policy Issues and Institutional Challenges” [HERE].
In the wake of the Great recession, monetary policy focused on quantitative easing. Now, there is talk of normalizing monetary policy and interest rates. That conversation is important, but it is also too narrow and keeps policy locked into a failed status quo. There is need for a larger conversation regarding the entire framework for monetary policy and how central banks can contribute to shared prosperity.
I hope the paper can help promote that conversation. Please feel free to share it with others who may be interested in this subject.
Best,
Tom Palley
Thomas Palley
Tel: (202)-667-5518
e-mail: mail@thomaspalley.com
www.thomaspalley.com
I have recently written an op-ed for The Globalist titled “The US Federal Reserve and Shared Prosperity” [HERE]. It is based on a longer article titled “The Federal Reserve and Shared Prosperity: A Guide to the Policy Issues and Institutional Challenges” [HERE].
In the wake of the Great recession, monetary policy focused on quantitative easing. Now, there is talk of normalizing monetary policy and interest rates. That conversation is important, but it is also too narrow and keeps policy locked into a failed status quo. There is need for a larger conversation regarding the entire framework for monetary policy and how central banks can contribute to shared prosperity.
I hope the paper can help promote that conversation. Please feel free to share it with others who may be interested in this subject.
Best,
Tom Palley
Thomas Palley
Tel: (202)-667-5518
e-mail: mail@thomaspalley.com
www.thomaspalley.com
