Monetary Policy

Audio

C. Peter McColough Roundtable Series in International Economics: A Conversation with Jean-Claude Trichet

Speaker: Jean-Claude Trichet
Presider: William J. McDonough

Listen to President of the European Central Bank Jean-Claude Trichet discuss the need for structural reforms in Europe, particularly those that increase labor productivity growth, establish well-functioning product markets, and create a competitive, entrepreneurial-friendly economic environment.

See more in EU; Monetary Policy

Backgrounder

The Stimulus Report Card

Author: Roya Wolverson

The Obama administration says its 2009 stimulus package saved jobs and boosted growth, but Republicans and some economists worry it dampened consumer and business spending and added to long-term debt.

See more in Monetary Policy; United States

Contingency Planning Memorandum

If the U.S. Dollar Plummets

Author: Brad W. Setser

The scale of financing needed to support the U.S. fiscal deficit—together with the Federal Reserve’s policy of keeping U.S. interest rates low to ward off deflation—has revived concerns about a sudden and sharp depreciation of the U.S. dollar. This Center for Preventive Action Contingency Planning Memorandum by Brad W. Setser examines potential triggers and indicators of such a crisis and posits concrete policy options to limit U.S. vulnerability to the possibility of a plummeting dollar.

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Interview Interview of: Steven Dunaway

By ending the yuan's peg to the U.S. dollar, China will deflect pressure over its currency policy at the upcoming G20 meeting. But tensions will persist over the pace of reform, says CFR's Steven Dunaway.

See more in China; Monetary Policy