Economic Review - Federal Reserve Bank of Kansas City

Articles from Vol. 87, No. 4, Fourth Quarter

Alan Greenspan, Federal Central Bank
Over the past two decades we have witnessed a remarkable turn-- around in the U.S. economy. The aftermath of the Vietnam War and a series of oil shocks had left the United States with high inflation, lackluster productivity growth, and a declining competitive...
David A. Dodge, Bank of Canada
What I propose to do on this panel today is to talk about stabilization policy and policy cooperation from the viewpoint of an industrial country that has a floating exchange rate and both an explicit inflation target for monetary policy and a clear...
Foreword
For the past 25 years, the Federal Reserve Bank of Kansas City has sponsored an annual economic policy symposium. These conferences bring together a distinguished group of central bank officials, academic economists, and business economists to discuss...
Guillermo Ortiz, Governor, Bank of Mexico
I. INTRODUCTION lthough there is a substantial body of literature on macroeconomic policies in Latin America, the role of fiscal and monetary policies as tools to stabilize the business cycle has not received much attention. This is understandable in...
Otmar Issing, European Central Bank
Member of the Executive Board, European Central Bank My remarks focus on the challenges facing monetary policy in a rapidly changing world. I start by examining the nature of economic change confronting monetary policy in its daily execution. In the...
Yutaka Yamaguchi, Deputy Governor, Bank of Japan
Three years ago at this same conference, I was given an opportunity to talk about Japan's monetary policy in the years when asset price bubbles expanded.1 Today, I would like mainly to review monetary policy in the following phase when the bubbles burst,...