Bibliography. . The Bank s History. 2015b.

Size: px
Start display at page:

Download "Bibliography. . The Bank s History. 2015b."

Transcription

1 Bibliography Armerding, Taylor. Big data without good analytics can lead to bad decisions. August 26, data-without-good-analytics-can-lead-to-bad-decisions.html (accessed May 15, Axilrod, Stephen. Inside the Fed: Monetary Policy and Its Management, Martin through Greenspan to Bernanke. MIT Press, 2011a. Axilrod, Stephen, interview by Evan Schnidman. Interview on the U.S. Federal Reserve Bank. November 23, 2011b. Bailey, Andrew and Cheryl Schonhardt-Bailey. Does Deliberation Matter in FOMC Monetary Policymaking?: The Volcker Revolution of Political Analysis 16.4 (2008): Bank of Canada. About the Bank. 2015a. The Bank s History. 2015b. Bank of England. About the Bank /Pages/default.aspx (accessed May 2015, Bank of Israel. About the Bank of Israel /Pages/Default.aspx Bank of Japan. Outline of the Bank /index.htm Bank of Korea. About Bank of Korea Bank of Mexico. About Banco de M é xico. 2015a. /acerca-del-banco-de-mexico/about-banco-mexico-.html (accessed May 15,. Board of Governors. 2015b. -de-mexico/board-of-governors.html Bank of Russia. Bank of Russia. 2015a. (accessed May 15,. Board of Directors. 2015b. Legal Status and Functions of the Bank of Russia. 2015c.

2 190 BIBLIOGRAPHY Bensel, Richard Franklin. Yankee Leviathan: The Origins of Central State Authority in America. Cambridge, England; New York: Cambridge University Press, Binder, Sarah and Mark Spindel. Monetary Politics: Origins of the Federal Reserve. Studies in American Political Development (April 2013): Blackstone, Brian. Central Banks Move to Drive Down Currencies, Yielding Domino Effect. February 9, move-to-drive-down-currencies-yielding-domino-effect Blinder, Alan S., Charles Goodhart, Philipp Hildebrand, David Lipton, and Charles Wyplosz. How Do Central Banks Talk?: Geneva Reports on the World Economy 3. Geneva; London: Centre for Economic Policy Research, Board of Governors of the Federal Reserve System. Annual Report Covering Operations for Year Technical Report, Washington, DC, Board of Governors of the Federal Reserve System. Federal Reserve Bulletin. Technical Report, Washington, DC, 1949, Frequently Asked Questions. April 2015a. /faqs/money_19277.htm. Press Release. January 9, 2015b. /press/other/ a.htm. The Economists. 2015c. Bremner, Robert P. Chairman of the Fed: William McChesney Martin Jr. and the Creation of the Modern American Financial System. Yale University Press, Brook, Anne-Marie, Frank Sedillot, and Patrice Ollivaud. Channels for Narrowing the US Current Account Deficit and Implications for Other Economies Papers OECD ilibrary. May and-implications-for-other-economies_ ;jsessionid=ea5bv1k8 qh22.x-oecd-live-02 Bruner, Robert F. and Sean D. Carr. The Panic of 1907: Lessons Learned from the Market s Perfect Storm. Hoboken, NJ: Wiley, Buttonwood. The ECB and QE: The Day after Textbar The Economist. January 23, Casey, Theo. The Fed Model Is Warning Us to be Careful. April 28, moneyweek.com/investment-strategy-fed-model-of-stock-valuation-01708/ Central Bank of Brazil. History. 2015a. National Monetary Council: Secretariat. 2015b. (accessed May 2015, Centre Virtuel de la Connaissance sur l Europe. The Third Stage of Economic and Monetary Union. November 9, _stage_of_economic_and_monetary_union-en-e2e91dc0-3a6d-49fc-b3f8 -f96fb5f3addb.html (accessed May 2015, 15).

3 BIBLIOGRAPHY 191 Congressional Research Service. Memo to the Senate Energy and Natural Resources Committee: Export-Import Bank Financing of Liquefied Natural Gas-Related Transactions. Congressional Committee Report, Congressional Research Service, Council of Economic Advisers. The Economic Report of the President Crosse, Gary and Jan Paschal. Timeline: Federal Reserve s Transparency Steps. January 25, Dawnay, Kim. A History of Sterling. October 8, /news/ /a-history-of-sterling.html Deutsche Bundesbank. Understanding the Capital Key. January 16, Dillon, Douglas. Memorandum for the President McChesney. Memorandum, Martin Collection, Missouri Historical Society, Dominguez, Kathryn M. Central Bank Intervention and Exchange Rate Volatility1. Journal of International Money and Finance 17.1 (February 1998): Draghi, Mario. ECB: Introductory statement to the plenary debate of the European Parliament on the ECB s Annual Report ECB: Introductory Statement to the Plenary Debate of the European Parliament on the ECB s Annual Report February 25, Eccles, Marriner S. Summary of Meeting of President Truman and the Federal Open Market Committee. Notes, Economists National Committee On Monetary Policy. Press Release: 51 Members Urge the Importance of Restoring and Maintaining the Independence of the Federal Reserve System Economy Watch. The Australian Economy. March 9, Ehrmann, Michael and Marcel Fratzscher. Communication by Central Bank Committee Members: Different Strategies, Same Effectiveness? Journal of Money, Credit and Banking (March 2007): European Central Bank. Economic and Monetary Union (EMU). 2015a. (accessed May 15,. Open Market Operations. 2015b. European Central Bank. The ECB s Response to the Financial Crisis. Monthly Bulletin, October, European Commission. Economic and Financial Affairs (accessed May 2014, European Union. Eurostat News Release. May 20, /documents/ / / bp-en.pdf/1b8e0bd3-a47d-4ef4 -bca6-9fbb7ef1c7f9 (accessed May 27, Federal Open Market Committee. Transcripts and Other Historical Materials

4 192 BIBLIOGRAPHY Financial Times. Abenomics Definition. 2015a. term=abenomics. Financial Policy Committee Definition. 2015b. /Term?term=Financial-Policy-Committee--FPC Flaherty, Edward. A Brief History of Central Banking in the United States Fratzscher, Marcel. Communication and Exchange Rate Policy. Journal of Macroeconomics 30.4 (December 2008): Glennerster, Herbert, Rachel M cleod, and Tavneet Suri. How Bad Data Fed the Ebola Epidemic. January 30, Hately, James. The Maple Bond Market. Financial System Review, Bank of Canada, Heath, Michael. Australia Opens China s Services Market with Free Trade Accord. November 17, /australia-china-to-sign-free-trade-deal-spurring-economic-shift (accessed May 15, Holmes, Anne. Australia s Economic Relationships with China aph.gov.au/about_parliament/parliamentary_departments/parliamentary _Library/pubs/BriefingBook44p/China Holmes, Douglas. The Economy of Words. Chicago, IL: U of Chicago Press, Institute for Monetary and Economic Studies of the Bank of Japan. Organization and Management of the Bank. White Paper, Bank of Japan, Ishiguro, Rie and Shinji Kitamura. Japan Quake s Economic Impact Worse than First Feared Textbar. April 12, /japan-economy-idusl3e7fc Joint Committee on the Economic Report. Money, Credit and Fiscal Policies Joint Committee on the Economic Report. Report of the Joint Committee on the Economic Report Joint Committee on the Economic Report. Report of the Joint Committee on the Economic Report Jordan, Thomas. Speech by Thomas Jordan, Vice Chair. September 28, _tjn.en.pdf Kim, Christine and Choonsik Yoo. South Korea Could Keep Expansionary Policy for Years Textbar Reuters. September 16, ters.com/article/2014/09/16/us-southkorea-economy-cenbank-idusk- BN0HB Kim, Suk-Joong and Jeffrey Sheen. The Determinants of Foreign Exchange Intervention by Central Banks: Evidence from Australia. Journal of International Money and Finance 21.5 (October 2002): Knipe, James. Office Correspondence: Paper on Public Criticism of the Federal Reserve System. Correspondence, William McChesney Martin Jr. Collection. Missouri Historical Society, 1962.

5 BIBLIOGRAPHY 193 Knott, Jack H. The Fed Chairman as a Political Executive. Administration & Society 18.2 (August 1986): Lanston, Aubrey. The Treasury-Federal Reserve Dispute. The Treasury-Federal Reserve Dispute. Pennsylvania Bankers Association, February Law Librarians Society of Washington, DC. The Federal Reserve Act of 1913: A Legislative History. September (accessed May 15, Leonard, David and Peter Coy. Alan Greenspan on His Fed Legacy and the Economy. August 9, (accessed May 15, Marsh, David. Dangers of Central Banks Public Investments. June 15, force-in-world-markets-global-public-investors/ / (accessed May 15, Martin, William McChesney. Annual Report of the Board of Governors of the Federal Reserve System: Covering the Operations of the Year Technical Report, Board of Governors of the Federal Reserve System, McCabe, Thomas. Letter to President Truman. Letter to President Truman. February 7, 1951a.. Letter to Treasury Secretary Snyder. February 7, 1951b. Meltzer, Allan. A History of the Federal Reserve, Volume 1: University of Chicago Press, Meltzer, Allan. Politics and the Fed. Journal of Monetary Economics July 2010: Moss, David A. and Cole Bolton. The Federal Reserve and the Banking Crisis of January Mundy, Simon and Song Jung-a. Bank of Korea Calls for Fiscal Measures to Stimulate Economy. April 9, e4-ba feab7de.html#axzz3ZCM7uFGV Nissan, Yossi. Bank of Israel Buys $400m in Foreign Currency. April 29, currency Nixon, Simon. QE Is Working Better Than ECB Dared Hope. April 15, the-eurozone O bservatory of Economic Complexity. OEC: Australia Profile of Exports, Imports and Trade Partners (accessed May 2015, Peters, Will. GBP/EUR Forecasts for 2015 Warns Pound Now Overvalued. November 16, forecasts/1748-november-s-pound-euro-exchange-rate-forecasts-for -period Rendall, Alasdair. Economic Terms Explained. November 12, bbc.co.uk/2/hi/programmes/bbc_parliament/ stm (accessed May 15,

6 194 BIBLIOGRAPHY Reserve Bank of Australia. RBA: A Brief History /about-rba/history/index.html R eserve Bank of India. Organisation. 2015a. /AboutUsDisplay.aspx?pg=OrganizationStructure.htm (accessed May 15,. Projects. 2015b. (accessed May 15, Reserve Bank of New Zealand. About Us _us/ Robinson, Blaise. European Stock Markets Cheer ECB QE Textbar Reuters. January 22, idusl6n0v14og (accessed May Schnidman, Evan. Fed Inflation Goal Is More Politics Than Policy. February 5, is-more-politics-than-policy-evan-schnidman (accessed May 26, Slavin, Kevin, interview by Guy Raz. Should We Be Wary of Algorithms? TED Radio Hour. National Public Radio, Washington. March 6, South African Reserve Bank. History. 2015a. /AboutUs/History/Pages/History-Home.aspx. Monetary Policy. 2015b. /Pages/MonetaryPolicy-Home.aspx. Structure. 2015c. /Structure-Home.aspx Stein, Jeremy. Evaluating Large-Scale Asset Purchases. Evaluating Large-Scale Asset Purchases. Brookings Institution, Washington, DC, October 11, Stewart, James. Wondering What the Fed s Statements Mean? Be Patient. March 13, tea-leaves-word-by-word.html (accessed May 2015, Stockwell, Eleanor. Working at the Board 1930s 1970s. Working at the Board 1930s-1970s. FRASER Electronic Records: Federal Reserve Bank of St. Louis, Sveriges Riksbank. Organisation. 2015a. /Organisation/. The Tasks and Role of the Riksbank. 2015b. -Riksbank/The-Riksbanks-role-in-the-economy/ Swiss National Bank. The SNB (accessed May 15, The Bank of Japan Act The Economist. The Economist Explains: Why China s Economy Is Slowing. March 11, The Federal Reserve Bank of Minneapolis. A History of Central Banking in the United States (accessed May 15,

7 BIBLIOGRAPHY 195 The World Bank. Global Economic Prospects: Forecast Table US Census Bureau. Census Bureau Projects U.S. and World Populations on New Year s Day. Press Release, US Treasury Department. Annual Report of the Secretary of the Treasury on the State of the Finances For the Fiscal Year Ended June 30, Technical Report, United States Treasury and Federal Reserve Board of Governors. Joint Announcement by the Secretary of The Treasury and the Chairman of the Board of Governors, and of the Federal Open Market Committee, of the Federal Reserve System. Press Release, Vayid, Ianthi. Central Bank Communications Before, During and After the Crisis: From Open-Market Operations to Open-Mouth Policy. Working Paper, Bank of Canada, Volker, Paul. Remarks at the 1984 Cosmos Club Award. Remarks at the 1984 Cosmos Club Award. Washington, DC, May Warsh, Kevin. Transparency and the Bank of England s Monetary Policy Committee. Bank of England, Wells, Donald R. The Federal Reserve System: A History. Jefferson, NC: McFarland, Wicker, Elmus R. The World War II Policy of Fixing a Pattern of Interest Rates. The Journal of Finance 24.3 (June 1969): Wilson, Thomas Frederick. The Power to Coin Money: The Exercise of Monetary Powers by the Congress. M.E. Sharpe, Woolley, John T. Monetary Politics: The Federal Reserve and the Politics of Monetary Policy. Cambridge: Cambridge University Press, Yellen, Janet. Revolution and Evolution in Central Bank Communications. Haas School of Business, University of California, Berkeley, Berkeley, California, November 13, Communication in Monetary Policy. Washington, DC, April 4, 2013.

8 Index 1951 Accord, Aldrich Plan, 10 11, 23 algorithm Prattle, 62, Wall Street, 65 6 Axilrod, Stephen, 32, 41, 43 6 backtest equity markets, 88 fixed-income markets, 69, 71 5 forecast, 93 4, 97 Beige Book, 47 Bernanke, Ben, 55, 58 Binder, Sarah, Blue Book, 38 Bretton Woods, 20, 40, 128 Brill, Daniel, 35, 37 Burns, Arthur, 39 41, 44, 52, 54 buzzwords, 62 3, 187 Carter, Jimmy, 44 centralization, of the Fed, 4, 9, 15 16, 31, 38 close reading legal, 186 literary, 56, 59 Committee on Interests and Dividends (CID), 40 commodities Australian, 150, 152 Commodities Futures Trading Commission (CFTC), 185 markets, 157 Dodd Frank, 185 domain expertise, 61, 63, Douglas, Paul, 22 3, 25 6 Draghi, Mario, 118, 121 Eccles, Marriner, 21, 23 4 Eisenhower, Dwight D., 28 9 Environment Protection Agency (EPA), 186 European Commission, European Union (EU), , exchange rate, 56, , 111, 167 exchange-traded fund (ETF), 71 Fed watching, 2 3, 54, 57, 59, 60, 63 5, 92 Federal Deposit Insurance Corporation (FDIC), 18 federal funds rate (FFR), 69, 75 6 Federal Reserve Reform Act of 1977, 43 financial crisis, 57, 74, 75, 82, 84, 98, 120 Financial Industry Regulatory Authority (FINRA), 185 Food and Drug Administration (FDA), 186 Fratzscher, Marcel, 79, 81 2, 99, Freedom of Information Act, 36, 41 Great Depression, 16 17, 51, 160, 164 Green Book, 38 Greenspan, Alan, 2, 4, 48, 52 5

9 198 INDEX innovation approach, 157, 184 policy, 44 5, 53 investment models, 66 7, 74 7 Knipe, James, 32 3 Korean War, 23, 25, 28 long-term refinancing operation (LTRO), 119 M2, 40 main refinancing operation (MRO), market currency, , 144 5, 156 7, 165 6, equity, 77, 79 89, , 124 5, 133 5, 141 4, 151 4, 161 2, 167 9, 172, 174 6, 178, 181, 184 fixed income, 77, 79, 80, 83 4, 97, 111, 122 3, 143 5, 152 4, 160, 162 4, 170 1, 181 Martin, William McChesney, 26 8, 31 3, 39, 45, 51 New Deal, Nixon, Richard, 31, paper trading, full, 71 2 Patman, Wright, 34 5 portfolio control, 74, Fed Index, 69, 74 5, 77, 87 8, 97 8, 135 6, 184 position long, 71 2, 87, 97 8, 136 short, 71 2, 136 Proxmire, William, 34 5 qualitative evaluations, 3, 59, 64 7 quantitative easing, 120, 131 2, 140 evaluations, 3, 61 2, 64 5, 125 rational expectations philosophy, 54 regional banks, 32, 36 8, 47 8 Reserve Bank Operating Committee (RBOC), Securities and Exchange Commission (SEC), 18, 185 selection bias, 62 3 sentiment analysis Prattle, 62 3, 116, 125 traditional, 62 3 Snyder, John, 23 4 Spindel, Mark, Sproul, Alan, 23 track changes, 57 Treasury, the United States, 10, 16 29, 47 Truman, Harry S., 19 21, 24, 26 8 Volcker, Paul, 4, 44 7, 51 2 Volcker Rule, 185 Yellen, Janet, 4, 55, 58

Essays on Federal Reserve Bank Evolution, Transparency and Market Interaction

Essays on Federal Reserve Bank Evolution, Transparency and Market Interaction Essays on Federal Reserve Bank Evolution, Transparency and Market Interaction The Harvard community has made this article openly available. Please share how this access benefits you. Your story matters

More information

Monetary Theory and Central Banking By Allan H. Meltzer * Carnegie Mellon University and The American Enterprise Institute

Monetary Theory and Central Banking By Allan H. Meltzer * Carnegie Mellon University and The American Enterprise Institute Monetary Theory and Central Banking By Allan H. Meltzer * Carnegie Mellon University and The American Enterprise Institute It is a privilege to present these comments at a symposium that honors Otmar Issing.

More information

VITA. Short-Run Reserve Position Adjustment of New York City Banks (Chairman: Milton Friedman)

VITA. Short-Run Reserve Position Adjustment of New York City Banks (Chairman: Milton Friedman) VITA ROBERT L. HETZEL Federal Reserve Bank of Richmond P. O. Box 27622 Richmond, VA 23261 phone: 804-697-8213 email: robert.hetzel@rich.frb.org Biographical Data Education Dissertation Date of Birth: July

More information

Structure and Functions of the Federal Reserve System

Structure and Functions of the Federal Reserve System Structure and Functions of the Federal Reserve System name redacted Specialist in Macroeconomic Policy December 26, 2012 CRS Report for Congress Prepared for Members and Committees of Congress Congressional

More information

Chapter 13. Central Banks and the Federal Reserve System

Chapter 13. Central Banks and the Federal Reserve System Chapter 13 Central Banks and the Federal Reserve System Origins of the Federal Reserve System Resistance to establishment of a central bank Fear of centralized power Distrust of moneyed interests No lender

More information

Deliberating American Monetary Policy: A Textual Analysis. Cheryl Schonhardt-Bailey. and. Andrew Bailey

Deliberating American Monetary Policy: A Textual Analysis. Cheryl Schonhardt-Bailey. and. Andrew Bailey Deliberating American Monetary Policy: A Textual Analysis Cheryl Schonhardt-Bailey and Andrew Bailey [Dedication page] To Samuel and Hannah, For distracting us with laughter and playfulness, since there

More information

Charles I Plosser: A progress report on our monetary policy framework

Charles I Plosser: A progress report on our monetary policy framework Charles I Plosser: A progress report on our monetary policy framework Speech by Mr Charles I Plosser, President and Chief Executive Officer of the Federal Reserve Bank of Philadelphia, at the Forecasters

More information

The Federal Reserve at 100 A Look at its History and Future

The Federal Reserve at 100 A Look at its History and Future The Federal Reserve at 100 A Look at its History and Future Niel Willardson Senior Vice President, General Counsel and Corporate Secretary October 9, 2014 29 th Annual Upper Midwest Automated Clearing

More information

Part IV. Central Banking and the Conduct of Monetary Policy

Part IV. Central Banking and the Conduct of Monetary Policy Part IV Central Banking and the Conduct of Monetary Policy 14 Chapter Structure of Central Banks and the Federal Reserve System PREVIEW Among the most important players in financial markets throughout

More information

Legislating a Rule for Monetary Policy John B. Taylor

Legislating a Rule for Monetary Policy John B. Taylor Legislating a Rule for Monetary Policy John B. Taylor In these remarks I discuss a proposal to legislate a rule for monetary policy. The proposal modernizes laws first passed in the late 1970s, but largely

More information

VITA. Short-Run Reserve Position Adjustment of New York City Banks (Chairman: Milton Friedman)

VITA. Short-Run Reserve Position Adjustment of New York City Banks (Chairman: Milton Friedman) VITA ROBERT L. HETZEL phone: 804-205-8180 email: roberthetzel@comcast.net Biographical Data Education Dissertation Date of Birth: July 3, 1944 Family: Married, 3 children B. A. University of Chicago (1967)

More information

Navigating Choppy Waters

Navigating Choppy Waters Navigating Choppy Waters Transportation Legislative Outlook Jim Wiesemeyer, Senior VP Informa Economics, Inc. LEGISLATIVE OUTLOOK: Mostly On Hold Elections: Very few bills will get passed Impact of Supreme

More information

To the Central Bank Governors Panel, Jackson Hole conference, Wyoming, USA. 27 August 2005

To the Central Bank Governors Panel, Jackson Hole conference, Wyoming, USA. 27 August 2005 1 Speech given by Mervyn King, Governor of the Bank of England To the Central Bank Governors Panel, Jackson Hole conference, Wyoming, USA. 27 August 2005 All speeches are available online at www.bankofengland.co.uk/publications/pages/speeches/default.aspx

More information

International examples of governance structures at central banks Prepared by the RBNZ

International examples of governance structures at central banks Prepared by the RBNZ International examples of governance structures at central banks Prepared by the RBNZ Executive summary: Most central banks have some form of oversight body, similar to a Board of Directors at a company,

More information

Federal Reserve Reform Proposals. John B. Taylor 1

Federal Reserve Reform Proposals. John B. Taylor 1 Federal Reserve Reform Proposals John B. Taylor 1 Testimony before the Subcommittee on Monetary Policy and Trade Committee on Financial Services U.S. House of Representatives July 22, 2015 Chair Huizenga,

More information

CIO Markets Report. Key Observations Implications Markets Charts. Stephen Sexauer, CIO. CIO Markets Report

CIO Markets Report. Key Observations Implications Markets Charts. Stephen Sexauer, CIO. CIO Markets Report Key Observations Implications Markets Charts Key Observations and Implications 1. 2017 Eurozone Votes Loom. There are three key Eurozone elections in 2017: The Netherlands, France, and Germany. Table 1

More information

Monetary Policy Strategies: A Central Bank Panel

Monetary Policy Strategies: A Central Bank Panel Monetary Policy Strategies: A Central Bank Panel Mervyn A. King Speakers at Jackson Hole normally draw out the lessons of economic theory for a particular area of economic policy. But this year we are

More information

The Most Dangerous Idea in Federal Reserve History: Monetary Policy Doesn t Matter

The Most Dangerous Idea in Federal Reserve History: Monetary Policy Doesn t Matter The Most Dangerous Idea in Federal Reserve History: Monetary Policy Doesn t Matter By CHRISTINA D. ROMER AND DAVID H. ROMER* * C. Romer: University of California, Berkeley, Berkeley, CA 94720-3880 (email:

More information

Celebrating 20 Years of the Bank of Mexico s Independence. Remarks by. Ben S. Bernanke. Chairman. Board of Governors of the Federal Reserve System

Celebrating 20 Years of the Bank of Mexico s Independence. Remarks by. Ben S. Bernanke. Chairman. Board of Governors of the Federal Reserve System For release on delivery 9:00 p.m. EDT (8 p.m. local time) October 14, 2013 Celebrating 20 Years of the Bank of Mexico s Independence Remarks by Ben S. Bernanke Chairman Board of Governors of the Federal

More information

GERMANY, JAPAN AND INTERNATIONAL PAYMENT IMBALANCES

GERMANY, JAPAN AND INTERNATIONAL PAYMENT IMBALANCES Articles Articles Articles Articles Articles CENTRAL EUROPEAN REVIEW OF ECONOMICS & FINANCE Vol. 2, No. 1 (2012) pp. 5-18 Slawomir I. Bukowski* GERMANY, JAPAN AND INTERNATIONAL PAYMENT IMBALANCES Abstract

More information

Revolving doors, accountability and transparency: Emerging regulatory concerns and policy solutions in the financial crisis

Revolving doors, accountability and transparency: Emerging regulatory concerns and policy solutions in the financial crisis Revolving doors, accountability and transparency: Emerging regulatory concerns and policy solutions in the financial crisis David Miller Professor of Sociology Department of Geography and Sociology University

More information

Do Parties Matter? A Political Model of Monetary Policy in Open Economies

Do Parties Matter? A Political Model of Monetary Policy in Open Economies Western Michigan University ScholarWorks at WMU Dissertations Graduate College 4-2016 Do Parties Matter? A Political Model of Monetary Policy in Open Economies Hulya Unlusoy Western Michigan University,

More information

Volume Author/Editor: Paul Krugman, editor. Volume Publisher: University of Chicago Press. Volume URL:

Volume Author/Editor: Paul Krugman, editor. Volume Publisher: University of Chicago Press. Volume URL: This PDF is a selection from a published volume from the National Bureau of Economic Research Volume Title: Currency Crises Volume Author/Editor: Paul Krugman, editor Volume Publisher: University of Chicago

More information

: a lost decade for the world economy? Michael Kitson

: a lost decade for the world economy? Michael Kitson 2010-2020: a lost decade for the world economy? Michael Kitson The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be

More information

fter the ccord After the Accord 35

fter the ccord After the Accord 35 34 After the Accord William McChesney Martin was the longest-serving Federal Reserve chairman, holding the office from April 2, 1951, until Jan. 31, 1970. During his tenure, Martin battled Congressman

More information

Transcript of IMF podcast with Eswar Prasad: The Curious Rise of the Renminbi

Transcript of IMF podcast with Eswar Prasad: The Curious Rise of the Renminbi Transcript of IMF podcast with Eswar Prasad: The Curious Rise of the Renminbi July 21, 2017 MR. EDWARDS: Hello. I m Bruce Edwards, and welcome to this podcast produced by the International Monetary Fund.

More information

Hawks and Doves at the Federal Reserve. Michael D Bordo, Rutgers University and the Hoover Institution, Stanford University

Hawks and Doves at the Federal Reserve. Michael D Bordo, Rutgers University and the Hoover Institution, Stanford University Hawks and Doves at the Federal Reserve Michael D Bordo, Rutgers University and the Hoover Institution, Stanford University Shadow Open Market Committee Meeting Harvard Club, New York City, New York October

More information

Workshops Proceedings of OeNB Workshops. The European Integration Process: A Changing Environment for National Central Banks. October 21, No.

Workshops Proceedings of OeNB Workshops. The European Integration Process: A Changing Environment for National Central Banks. October 21, No. Workshops Proceedings of OeNB Workshops The European Integration Process: A Changing Environment for National Central Banks October 21, 2005 E U R O S Y S T E M No. 7 Documenting FOMC Voting Patterns 1

More information

Address by Gill Marcus, Governor of the South African Reserve Bank to the Central Banks Communicators Conference Dinner, South African Reserve Bank

Address by Gill Marcus, Governor of the South African Reserve Bank to the Central Banks Communicators Conference Dinner, South African Reserve Bank Address by Gill Marcus, Governor of the South African Reserve Bank to the Central Banks Communicators Conference Dinner, South African Reserve Bank 13 Mar 2014 Good evening everyone. Welcome to the South

More information

Who Will be the Next Chair of the Federal Reserve?

Who Will be the Next Chair of the Federal Reserve? OCTOBER 18, 17 ECONOMIC VIEWPOINT Who Will be the Next Chair of the Federal Reserve? #1 BEST OVERALL FORECASTER - CANADA The current term of Janet Yellen at the head of the Federal Reserve (Fed) will end

More information

Charting Australia s Economy

Charting Australia s Economy Charting Australia s Economy Designed to help executives catch up with the economy and incorporate macro impacts into company s planning. Annual subscription includes 2 semiannual issues published in June

More information

Overcoming Obstacles New and Old to Economic Growth and Opportunity. Remarks at Hoover Overseers Dinner Washington DC February 24, 2013

Overcoming Obstacles New and Old to Economic Growth and Opportunity. Remarks at Hoover Overseers Dinner Washington DC February 24, 2013 Overcoming Obstacles New and Old to Economic Growth and Opportunity Remarks at Hoover Overseers Dinner Washington DC February 24, 2013 Tonight I want to focus on the obstacles to achieving good economic

More information

Monetary Dialogue : Looking backward, looking forward

Monetary Dialogue : Looking backward, looking forward DIRECTORATE GENERAL FOR INTERNAL POLICIES POLICY DEPARTMENT A: ECONOMIC AND SCIENTIFIC POLICY Monetary Dialogue 2009-2014: Looking backward, looking forward NOTE Abstract When comparing the transparency

More information

University of California, Berkeley ECONOMICS 210C / ECONOMICS 236A MONETARY HISTORY SYLLABUS PART I: THE EFFECTS OF POLICY

University of California, Berkeley ECONOMICS 210C / ECONOMICS 236A MONETARY HISTORY SYLLABUS PART I: THE EFFECTS OF POLICY Fall 2006 University of California, Berkeley Christina Romer David Romer ECONOMICS 210C / ECONOMICS 236A MONETARY HISTORY SYLLABUS PART I: THE EFFECTS OF POLICY August 30 The Identification Problem in

More information

Good Governance of Monetary Policy in Canada: Lessons from the C.D. Howe Institute s Shadow Council

Good Governance of Monetary Policy in Canada: Lessons from the C.D. Howe Institute s Shadow Council Institut C.D. HOWE Institute Conseils indispensables sur les politiques October 30, 2014 MONETARY POLICY Good Governance of Monetary Policy in Canada: Lessons from the C.D. Howe Institute s Shadow Council

More information

GCC An Overview on Economic Trends Dr. Nasser Saidi Chief Economist, DIFC Authority

GCC An Overview on Economic Trends Dr. Nasser Saidi Chief Economist, DIFC Authority GCC An Overview on Economic Trends Dr. Nasser Saidi Chief Economist, DIFC Authority 6 th Annual Conference on Trade Treasury and Cash Management in the Middle East Dubai, 12 March 2008 Sub-Prime Blues

More information

Influencing Expectations in the Conduct of Monetary Policy

Influencing Expectations in the Conduct of Monetary Policy Influencing Expectations in the Conduct of Monetary Policy 2014 Bank of Japan Institute for Monetary and Economic Studies Conference: Monetary Policy in a Post-Financial Crisis Era Tokyo, Japan May 28,

More information

From Europe to the Euro Student Orientations 2013 Euro Challenge

From Europe to the Euro Student Orientations 2013 Euro Challenge From Europe to the Euro Student Orientations 2013 Euro Challenge www.euro-challenge.org 1 What is the European Union? A unique institution Member States voluntarily cede national sovereignty in many areas

More information

The Uneasy Case for Janet Yellen

The Uneasy Case for Janet Yellen The Uneasy Case for Janet Yellen John Feldmann August 13, 2013 Until the past couple weeks Janet Yellen has been widely considered the top contender to succeed Ben Bernanke as the Chairman of the Federal

More information

Allan Meltzer and the History of the Federal Reserve. Michael D. Bordo. Rutgers, NBER, and the Hoover Institution, Stanford University

Allan Meltzer and the History of the Federal Reserve. Michael D. Bordo. Rutgers, NBER, and the Hoover Institution, Stanford University Allan Meltzer and the History of the Federal Reserve Michael D. Bordo Rutgers, NBER, and the Hoover Institution, Stanford University Economics Working Paper 17107 HOOVER INSTITUTION 434 GALVEZ MALL STANFORD

More information

Fed Will 'Wait & Watch' Before Raising Interest Rates

Fed Will 'Wait & Watch' Before Raising Interest Rates Fed Will 'Wait & Watch' Before Raising Interest Rates January 16, 2019 by Gary Halbert of Halbert Wealth Management IN THIS ISSUE: 1. Powell Repeats: The Fed Can Be Patient On Rate Policy 2. No Talk of

More information

In Fed Watchers Eyes: Hawks, Doves and Monetary Policy

In Fed Watchers Eyes: Hawks, Doves and Monetary Policy In Fed Watchers Eyes: Hawks, Doves and Monetary Policy Klodiana Istrefi Banque de France January 2017 Abstract This paper introduces a novel measure of perceived policy preferences for the FOMC, which

More information

Introduction. Copyright 2017 by the Board of Trustees of the Leland Stanford Junior University. All rights reserved.

Introduction. Copyright 2017 by the Board of Trustees of the Leland Stanford Junior University. All rights reserved. Since the end of the Great Recession in 2009 the central banks of the advanced countries have taken unprecedented actions to reflate and stimulate their economies. There have been significant differences

More information

AsianBondsOnline WEEKLY DEBT HIGHLIGHTS

AsianBondsOnline WEEKLY DEBT HIGHLIGHTS AsianBondsOnline WEEKLY November 6 Key Developments in Asian Local Currency Markets Japan s real gross domestic product (GDP) growth accelerated to.% quarter-on-quarter in the third quarter (Q) of 6 from.%

More information

Global Economic Briefing: GDP Country Charts

Global Economic Briefing: GDP Country Charts Global Economic Briefing: GDP Country Charts February, 1 Dr. Edward Yardeni 1-97-7 eyardeni@ Debbie Johnson --1 djohnson@ Please visit our sites at www. blog. thinking outside the box Table Of Contents

More information

Quantifying Perceived Policy Preferences of the FOMC:

Quantifying Perceived Policy Preferences of the FOMC: Quantifying Perceived Policy Preferences of the FOMC: 1960-2015 Klodiana Istrefi Banque de France September 2016 Abstract This paper introduces a novel measure of perceived policy preferences for the FOMC,

More information

Faulkner University. From the SelectedWorks of Chad Emerson. Chad Emerson, Faulkner University. August 31, 2009

Faulkner University. From the SelectedWorks of Chad Emerson. Chad Emerson, Faulkner University. August 31, 2009 Faulkner University From the SelectedWorks of Chad Emerson August 31, 2009 The Illegal Actions of the Federal Reserve: An Analysis of How the Nation s Central Bank Has Acted Outside the Law in Responding

More information

the Structural Foundations of Monetary Policy

the Structural Foundations of Monetary Policy the Structural Foundations of Monetary Policy The Hoover Institution gratefully acknowledges the following individuals and foundations for their significant support of the Working Group on Economic Policy

More information

Frankfurt am Main, November 23, 2012

Frankfurt am Main, November 23, 2012 Frankfurt European Banking Congress, November 23, 2012 www. frankfurt-ebc.com Friday, November 23, 2012 9.00 a.m. Registration and Coffee 10.00 a.m. Welcome Peter Feldmann Opening Keynote Speech Mario

More information

Contemporary United States

Contemporary United States Contemporary United States (1968 to the Present) PRESIDENTS OF THE UNITED STATES By Douglas Lynne PRESIDENTS OF THE UNITED STATES Published by Weigl Publishers Inc. 350 5th Avenue, Suite 3304 PMB 6G New

More information

CHAPTER 17. Economic Policymaking CHAPTER OUTLINE

CHAPTER 17. Economic Policymaking CHAPTER OUTLINE CHAPTER 17 Economic Policymaking CHAPTER OUTLINE I. Introduction (pp. 547 548) A. Capitalism is an economic system in which individuals and corporations own the principal means of production. B. A mixed

More information

Rules Versus Discretion: Assessing the Debate Over the Conduct of Monetary Policy

Rules Versus Discretion: Assessing the Debate Over the Conduct of Monetary Policy Rules Versus Discretion: Assessing the Debate Over the Conduct of Monetary Policy John B. Taylor Federal Reserve Bank of Boston Conference on Are Rules Made to be Broken? Discretion and Monetary Policy

More information

Andreas Hornstein. Doctor of Philosophy, Economics, University of Minnesota, Diplom, Economics, Universität Konstanz, Germany, 1984

Andreas Hornstein. Doctor of Philosophy, Economics, University of Minnesota, Diplom, Economics, Universität Konstanz, Germany, 1984 Andreas Hornstein Federal Reserve Bank of Richmond Research Department P.O. Box 27622 Richmond VA 23261-7622 andreas.hornstein@rich.frb.org (804) 697-8266 Education Doctor of Philosophy, Economics, University

More information

Central bank independence and unconventional monetary policy: Challenges for the ECB

Central bank independence and unconventional monetary policy: Challenges for the ECB Central bank independence and unconventional monetary policy: Challenges for the ECB México City, Four Seasons Hotel, 15 October 2013 President Knot was one of the speakers at a conference organized by

More information

FEDERAL RESERVE SYSTEM. The First 100 Years A CHAPTER IN THE HISTORY OF CENTRAL BANKING

FEDERAL RESERVE SYSTEM. The First 100 Years A CHAPTER IN THE HISTORY OF CENTRAL BANKING FEDERAL RESERVE SYSTEM The First 100 Years A CHAPTER IN THE HISTORY OF CENTRAL BANKING FEDERAL RESERVE SYSTEM The First 100 Years A Chapter in the History of Central Banking In 1913, Albert Einstein was

More information

The Future of Central Bank Cooperation

The Future of Central Bank Cooperation The Future of Central Bank Cooperation (An Outsider s Perspective) Beth Simmons Government Department Harvard University What are the conditions under which cooperation is likely to take place? Economic

More information

Chart Collection for Morning Briefing

Chart Collection for Morning Briefing Chart Collection for Morning Briefing November 1, 1 Dr. Edward Yardeni 1-97-73 eyardeni@ Mali Quintana --1333 aquintana@ Please visit our sites at www. blog. thinking outside the box 1 1 Figure 1. US TREASURY

More information

Independence and the Scope of the Central Bank s Mandate. John B. Taylor 1 Stanford University. June 2016

Independence and the Scope of the Central Bank s Mandate. John B. Taylor 1 Stanford University. June 2016 Independence and the Scope of the Central Bank s Mandate John B. Taylor 1 Stanford University June 2016 Thank you for the opportunity to participate in the Riksbank conference on rethinking the central

More information

Voting regional Fed presidents to turn slightly more dovish in 2019?

Voting regional Fed presidents to turn slightly more dovish in 2019? Voting regional Fed presidents to turn slightly more dovish in 2019? Andreas Johnson US Economist, Fed Watcher Macro & FICC Research October 4, 2018 Contents The structure of the FOMC and voting Voting

More information

George Washington University Department of Economics and Sigur Center for Asian Studies, Elliot School of International Studies

George Washington University Department of Economics and Sigur Center for Asian Studies, Elliot School of International Studies George Washington University Department of Economics and Sigur Center for Asian Studies, Elliot School of International Studies Econ 271: Japan s Economy Fall 2007, Professor William Brown Wednesdays 7:10-9:00,

More information

From Europe to the Euro

From Europe to the Euro From Europe to the Euro 2012 Euro Challenge Student Orientation Florida International University December 6 th, 2011 Kasper Zeuthen Delegation of the European Union Washington, DC www.euro-challenge.org

More information

Market Briefing: Trade-Weighted Dollar

Market Briefing: Trade-Weighted Dollar Market Briefing: Trade-Weighted Dollar February 12, 2018 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 4-664-1333 djohnson@ Mali Quintana 4-664-1333 aquintana@ Please visit our sites at blog.

More information

Advance Praise for A Century of Monetary Policy at the Fed

Advance Praise for A Century of Monetary Policy at the Fed Advance Praise for A Century of Monetary Policy at the Fed Lindsey is an experienced and thoughtful monetary economist who has spent much of his career participating, at a high level, in the preparation

More information

Why we got here and where we are headed

Why we got here and where we are headed Why we got here and where we are headed Ashoka Mody October 27, 20 Based on EuroTragedy: A Drama in Nine Acts, New York: Oxford University Press, e 20 Thesis: monetary union would lead Europe into political

More information

tepav Economic Policy Research Foundation of Turkey

tepav Economic Policy Research Foundation of Turkey tepav Economic Policy Research Foundation of Turkey How are we thinking about the G20 agenda in Ankara? Güven Sak Moscow, 29 August 2013 Slide 2 Framework è Still a brave new world? è How G20 countries

More information

RUNNING HEAD: DODD-FRANK: AN ECONOMIC AND IDEOLOGICAL HISTORY 1

RUNNING HEAD: DODD-FRANK: AN ECONOMIC AND IDEOLOGICAL HISTORY 1 RUNNING HEAD: DODD-FRANK: AN ECONOMIC AND IDEOLOGICAL HISTORY 1 Dodd-Frank: An Economic and Ideological History Lucas Delort George Warren Brown School of Social Work Washington University in St. Louis

More information

I would like to add my voice to the chorus in thanking President Fisher and the

I would like to add my voice to the chorus in thanking President Fisher and the Policymaker Roundtable Federal Reserve Bank of Dallas Conference: "John Taylor's Contributions to Monetary Theory and Policy" By Janet L. Yellen, President and CEO, Federal Reserve Bank of San Francisco

More information

The Economy Today By Bradley Schiller READ ONLINE

The Economy Today By Bradley Schiller READ ONLINE The Economy Today By Bradley Schiller READ ONLINE Article 40 of the Spanish Constitution: 1. The public authorities shall promote favourable conditions for social and economic progress and for a more equitable

More information

Fed Up: Building an Economy

Fed Up: Building an Economy Fed Up: Building an Economy That Works for All of Us 2014-2016 Fed Up is a coalition of community organizations and labor unions across the country, calling on the Federal Reserve to reform its governance

More information

Spain needs to reform its pensions system even at the cost of future cutbacks in other areas, warns the President of the ifo Institute

Spain needs to reform its pensions system even at the cost of future cutbacks in other areas, warns the President of the ifo Institute www.fbbva.es DEPARTMENT OF COMMUNICATION AND INSTITUTIONAL RELATIONS ANNOUNCEMENT Presentation of the EEAG Report What Now, With Whom, Where To The Future of the EU Spain needs to reform its pensions system

More information

A View On Brexit From The Expat Savings Team A View On Brexit FROM THE EXPAT SAVINGS TEAM A VIEW ON BREXIT

A View On Brexit From The Expat Savings Team A View On Brexit FROM THE EXPAT SAVINGS TEAM A VIEW ON BREXIT A View On Brexit FROM THE EXPAT SAVINGS TEAM 1 A View On Brexit From The Expat Savings Team Summary of Key issues 2 Our Thoughts on Brexit 5 Conclusions 6 2016 The content of this guide is copyright protected

More information

Regional Cooperation and Integration

Regional Cooperation and Integration Regional Cooperation and Integration Min Shu Waseda University 2018/6/19 International Political Economy 1 Term Essay: analyze one of the five news articles in 2,000~2,500 English words Final version of

More information

Glenn Stevens: Central bank communication

Glenn Stevens: Central bank communication Glenn Stevens: Central bank communication Address by Mr Glenn Stevens, Governor of the Reserve Bank of Australia, to the Sydney Institute, Sydney, 11 December 2007. * * * This evening I would like to talk

More information

Current Situation and Outlook of Asia and the Pacific

Current Situation and Outlook of Asia and the Pacific Current Situation and Outlook of Asia and the Pacific Dr. Aynul Hasan, Chief, DPS, MPDD Dr. M. Hussain Malik, Chief, MPAS, MPDD High-level Policy Dialogue Macroeconomic Policies for Sustainable and Resilient

More information

Migration and Development Brief

Migration and Development Brief Migration and Development Brief 9 Migration and Remittances Team Development Prospects Group, World Bank Revised Outlook for Remittance Flows 2009 2011: Remittances expected to fall by 5 to 8 percent in

More information

Areas for economic and financial cooperation in Sino-European relations Central Bank Roundtable Shanghai Forum, May 27, 2017

Areas for economic and financial cooperation in Sino-European relations Central Bank Roundtable Shanghai Forum, May 27, 2017 Areas for economic and financial cooperation in Sino-European relations Central Bank Roundtable Shanghai Forum, May 27, 2017 Peter Mooslechner Executive Director Oesterreichische Nationalbank, Vienna,

More information

Senate. ^Croieb COMMITTEE ON APPROPRIATIONS. Washington, D. C March 3, 1939

Senate. ^Croieb COMMITTEE ON APPROPRIATIONS. Washington, D. C March 3, 1939 CARTER GLASS. VA., CHAIRMAN KENNETH MC (CELLAR. TENN. CARL HAYDEN, ARIZ. ELMER THOMAS. OKLA, FREDERICK HALE. MAINE GERALD P. NYE. N. DAK. JOHN G» TOWNSEND, JR.. DEL. ^Croieb Senate ADAMS, COLO. IPPklCK

More information

CENTRAL BANK COMMUNICATION AND MONETARY POLICY CREDIBILITY PROF. PETER QUARTEY (HEAD, DEPT. OF ECONOMICS, UG)

CENTRAL BANK COMMUNICATION AND MONETARY POLICY CREDIBILITY PROF. PETER QUARTEY (HEAD, DEPT. OF ECONOMICS, UG) CENTRAL BANK COMMUNICATION AND MONETARY POLICY CREDIBILITY BY PROF. PETER QUARTEY (HEAD, DEPT. OF ECONOMICS, UG) OUTLINE Introduction Effective communication strategies Central bank communication and monetary

More information

Robert Owen and His Legacy. Esther L. George President and Chief Executive Officer Federal Reserve Bank of Kansas City

Robert Owen and His Legacy. Esther L. George President and Chief Executive Officer Federal Reserve Bank of Kansas City Robert Owen and His Legacy Esther L. George President and Chief Executive Officer Federal Reserve Bank of Kansas City Oklahoma History Center Oklahoma City October 16, 2013 The views expressed by the author

More information

The ECB s Monetary Dialogue with the European Parliament: Efficiency and Accountability during the Euro Crisis?*

The ECB s Monetary Dialogue with the European Parliament: Efficiency and Accountability during the Euro Crisis?* JCMS 2016 pp. 1 17 DOI: 10.1111/jcms.12426 The ECB s Monetary Dialogue with the European Parliament: Efficiency and Accountability during the Euro Crisis?* STEFAN COLLIGNON 1,2 and SEBASTIAN DIESSNER 2

More information

The Global Financial Crisis: Increasing IMF Resources and the Role of Congress

The Global Financial Crisis: Increasing IMF Resources and the Role of Congress The Global Financial Crisis: Increasing IMF Resources and the Role of Congress Jonathan E. Sanford Specialist in International Trade and Finance Martin A. Weiss Specialist in International Trade and Finance

More information

Globalization 10/5/2011. International Economics. Five Themes of Geography

Globalization 10/5/2011. International Economics. Five Themes of Geography International Economics G L O B A L I Z A T I O N, T H E F L A T W O R L D, A N D T H E I M P A C T O F T R A D E! Five Themes of Geography Globalization? Location Relative Location Absolute Location Place

More information

EMBARGO: NOT FOR RELEASE UNTIL 09:00 HRS (BST) ON THURSDAY 22 APRIL 2004 BORING BANKERS SHOULD WE LISTEN?

EMBARGO: NOT FOR RELEASE UNTIL 09:00 HRS (BST) ON THURSDAY 22 APRIL 2004 BORING BANKERS SHOULD WE LISTEN? EMBARGO: NOT FOR RELEASE UNTIL 09:00 HRS (BST) ON THURSDAY 22 APRIL 2004 BORING BANKERS SHOULD WE LISTEN? Speech by Richard Lambert Monetary Policy Committee, Bank of England Given at the Institute for

More information

Systematic Policy and Forward Guidance

Systematic Policy and Forward Guidance Systematic Policy and Forward Guidance Money Marketeers of New York University, Inc. Down Town Association New York, NY March 25, 2014 Charles I. Plosser President and CEO Federal Reserve Bank of Philadelphia

More information

CIEE in Barcelona, Spain

CIEE in Barcelona, Spain Course name: Course number: Programs offering course: Language of instruction: U.S. Semester Credits: 3 Contact Hours: 45 Term: Fall 2018 Course Description CIEE in Barcelona, Spain The Spanish Economy

More information

pacific alliance Why it s important for western Canada the november 2014 carlo dade

pacific alliance Why it s important for western Canada the november 2014 carlo dade the pacific alliance Why it s important for western Canada november 2014 carlo dade CANADA WEST FOUNDATION 2016-17 Patrons Trade & Investment Centre The Canada West Foundation focuses on the policies that

More information

The New Chairman of the US Federal Reserve: What Can We Expect? January 2018

The New Chairman of the US Federal Reserve: What Can We Expect? January 2018 The New Chairman of the US Federal Reserve: What Can We Expect? January 2018 Executive Summary In November 2017, U.S. President Donald Trump nominated Jerome Powell to be the next Chairman of the Federal

More information

EMU, Switzerland? Marie-Christine Luijckx and Luke Threinen Public Policy 542 April 10, 2006

EMU, Switzerland? Marie-Christine Luijckx and Luke Threinen Public Policy 542 April 10, 2006 EMU, Switzerland? Marie-Christine Luijckx and Luke Threinen Public Policy 542 April 10, 2006 Introduction While Switzerland is the EU s closest geographic, cultural, and economic ally, it is not a member

More information

Expansion and Reform. (Early 1800s-1861) PRESIDENTS OF THE UNITED STATES. By Daniel Casciato

Expansion and Reform. (Early 1800s-1861) PRESIDENTS OF THE UNITED STATES. By Daniel Casciato Expansion and Reform (Early 1800s-1861) PRESIDENTS OF THE UNITED STATES By Daniel Casciato PRESIDENTS OF THE UNITED STATES Published by Weigl Publishers Inc. 350 5th Avenue, Suite 3304 PMB 6G New York,

More information

Bringing EU Trade Policy Up to Date 23 June 2015

Bringing EU Trade Policy Up to Date 23 June 2015 European Commission Speech [Check against delivery] Bringing EU Trade Policy Up to Date 23 June 2015 Cecilia Malmström, Commissioner for Trade Brussels, European Trade Policy Day - Keynote Minister, Chairman

More information

ICES- El CEITER El CEITER IF EICELLEICE

ICES- El CEITER El CEITER IF EICELLEICE ICES- El CEITER El CEITER IF EICELLEICE RESEARCH GIANTS & WORKING PAPER SERIES #10 AY211J-18 Inflation and Unemployment In EMU and the United States Robert M. Dunn, Jr The original purpose of this paper

More information

From Europe to the Euro. Delegation of the European Union to the United States

From Europe to the Euro. Delegation of the European Union to the United States From Europe to the Euro Delegation of the European Union to the United States www.euro-challenge.org What is the European Union? A unique institution Member States voluntarily cede national sovereignty

More information

TheEuroAfterThreeYears

TheEuroAfterThreeYears TheEuroAfterThreeYears REINHARD NECK Atlantic Econ. J., 30(3): pp. 236-43, Sept. 02 c All Rights Reserved At the beginning of 1999, 11 countries (Austria, Belgium, Finland, France, Germany, Ireland, Italy,

More information

THE EU s EASTERN NEIGHBOURING COUNTRIES AND THE CRISIS

THE EU s EASTERN NEIGHBOURING COUNTRIES AND THE CRISIS THE EU s EASTERN NEIGHBOURING COUNTRIES AND THE CRISIS by Dr. Loukas STEMITSIOTIS Dr. Lúcio VINHAS DE SOUZA European Commission DG Economic and Financial Affairs 2300 2200 2100 2000 1900 1800 1700 1600

More information

HAS GROWTH PEAKED? 2018 growth forecasts revised upwards as broad-based recovery continues

HAS GROWTH PEAKED? 2018 growth forecasts revised upwards as broad-based recovery continues HAS GROWTH PEAKED? 2018 growth forecasts revised upwards as broad-based recovery continues Regional Economic Prospects May 2018 Stronger growth momentum: Growth in Q3 2017 was the strongest since Q3 2011

More information

Economics of the European Union

Economics of the European Union Economics of the European Union Prepared for Understanding and Teaching the European Union A Summer Workshop for Secondary School Educators June 15, 2007 Stages of Economic Integration - Free Trade Area

More information

The EU at 60: Part II

The EU at 60: Part II The EU at 60: Part II April 17, 2017 by Bill O Grady of Confluence Investment Management Last week, we began our retrospective on the EU. This week we will examine the post-cold War expansion of the EU,

More information

Weekly Geopolitical Report

Weekly Geopolitical Report Weekly Geopolitical Report By Kaisa Stucke, CFA February 29, 2016 Brexit The U.K. joined the European Common Market, what is now known as the EU, in 1973. In 1992, the Maastricht Treaty formally created

More information

Appendix A REPORT TO THE PRESIDENT ON THE ACTIVITIES OF THE COUNCIL OF ECONOMIC ADVISERS DURING 1984

Appendix A REPORT TO THE PRESIDENT ON THE ACTIVITIES OF THE COUNCIL OF ECONOMIC ADVISERS DURING 1984 Appendix A REPORT TO THE PRESIDENT ON THE ACTIVITIES OF THE COUNCIL OF ECONOMIC ADVISERS DURING 1984 LETTER OF TRANSMITTAL COUNCIL OF ECONOMIC ADVISERS, Washington, D.C., December 31, 1984. MR. PRESIDENT:

More information

Asia s Role in the Post-Crisis Global Economy

Asia s Role in the Post-Crisis Global Economy 383 Closing Remarks Asia s Role in the Post-Crisis Global Economy Barry Eichengreen The theme of this conference is Asia s role in the post-crisis global economy. Let me start by commending our organizers

More information