Region Focus

Fourth Quarter 2011

Would a Little Inflation Produce a Bigger Recovery?

Why some economists actually want the Fed to push prices higher

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Related Links

Bernanke, Ben. "Some Thoughts on Monetary Policy in Japan." Speech before the Japan Society of Monetary Economics, Tokyo, Japan, May 31, 2003.

Bullard, James. The U.S. Macroeconomic Situation and Monetary Policy." Presentation at the Chartered Financial Analyst Society of St. Louis, St. Louis, Mo., Nov. 15, 2011.

Eggertsson, Gauti, and Michael Woodford. "The Zero Bound on Interest Rates and Optimal Monetary Policy." Brookings Papers on Economic Activity, 2003, vol. 34, no. 1, pp. 139-235.

Evans, Charles. "The Fed’s Dual Mandate Responsibilities and Challenges Facing U.S. Monetary Policy." Speech at the European Economics and Financial Centre, London, Sept. 7, 2010.

Krugman, Paul. "It’s Baaack: Japan’s Slump and the Return of the Liquidity Trap." Brookings Papers on Economic Activity, 1998, vol. 29, no. 2, pp. 137-206.

McCallum, Bennett. "Nominal GDP Targeting." Shadow Open Market Committee, Oct. 21, 2011.

Hornstein, Andreas, and Thomas Lubik. "The Rise in Long-Term Unemployment: Potential Causes and Implications." Federal Reserve Bank of Richmond 2010 Annual Report, May 31, 2011.

Rajan, Raghuram. "Is Inflation the Answer?" Project Synidcate, Sept. 8, 2011.

Rogoff, Kenneth. "The Second Great Contraction." Project Syndicate, Aug. 2, 2011.

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