Ben Bernanke's Perspective on Negative Interest Rates and Inflation Targets - Prof. Fernán, Apuntes de Macroeconomía

¡Descarga Ben Bernanke's Perspective on Negative Interest Rates and Inflation Targets - Prof. Fernán y más Apuntes en PDF de Macroeconomía solo en Docsity! a higher inflation t arget beat negative interest rates resume: Attached a post of Ben Bernanke Federal Reserve Chairman from 2006 to 2014, Make a new discussion in the blog about new monetary policy framework, said that we should be agnostic about whether one or both of them will form part of the Fed's policy framework. Negative interest rates are not "significantly inferior" to raising inflation targets, it is in some ways even better. Both may give the Fed more room to fight the recession. Negative interest rates are easy to implement and can only be used if necessary. Negative interest rates and inflation targets are politically unpopular and may lead to a fall in Fed policy support. The inflation target does not enhance the Fed's ability to drive real interest rates down unless the public's inflation expectations change. The Fed and other central banks have good reasons to consider adjusting their policy frameworks because they can not guarantee that fiscal policy makers will assume part of the responsibility for stabilizing the economy during the next recession Grupo, xue deng Yanyue cao