Recovery with a Human Face
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Recovery with a Human Face

A discussion on alternatives for a socially-responsive crisis recovery
 

February 25th, 2015

2/25/2015

 
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


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    “We, the Peoples” are the first words of the UN Charter. The UN was founded in 1945 and
    mandated to respond to the needs and rights of all persons, in every country of the world. In this spirit of social justice, a real world recovery means a recovery for all
    persons, not simply the recovery of a few economic indicators and
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