Today’s guest post at New Economist discusses differences in monetary policy activism between the Fed and the European Central Bank. This is an important issue for monetary policy generally, and also for the choice of a next Fed chair as it provides a dimension along which candidates can be arrayed. The choice of the next chair will help to determine the degree of activism the Fed pursues in the future. The post also contains recent remarks from ECB president Jean-Claude Trichet on this topic.
Tuesday, August 30, 2005
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