Monetary Policy

Audio

A Conversation with Thomas M. Hoenig (Audio)

Speaker: Thomas M. Hoenig
Presider: Paul E. Steiger

Thomas M. Hoenig, president and chief executive officer of the Federal Reserve Bank of Kansas City, discusses the risks in a real market economy and the need to develop a long-term, post-recovery monetary policy.

This meeting was part of the C. Peter McColough Series on International Economics.

See more in Monetary Policy; United States

Audio

Currency Wars, Capital Controls, and the Outlook for the International Monetary System (Audio)

Speakers: Ajay Shah, Benn Steil, and Alan M. Taylor
Introductory Speaker: Richard N. Haass
Presider: Sebastian Mallaby

Experts discuss the the current global economy and their skepticism of effective capital control, as well as the future of currency pegging, fixed currency rates, and capital mobility.

This session was part of CFR's Stephen C. Friedheim Symposium on Global Economics which was made possible through generous support from Stephen C. Freidheim.

See more in Monetary Policy; International Finance; Global

Audio

McKinsey Executive Roundtable Series in International Economics: The Euro at 10: State of the Union and Prospects for the Future (Audio)

Speakers: Jeffrey A. Frankel and James D. Grant
Introductory Speaker: L. Camille Massey
Presider: John Gapper

Listen to experts discuss how the Euro has impacted the economies of member countries during the last ten years, and the complexities of navigating monetary policy amongst differing national interests.

This session was part of the 2009 International Affairs Fellows Conference.

See more in EU; 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.

See more in United States; Monetary Policy

Event

'The Curse of Cash'

Speaker: Kenneth S. Rogoff
Presider: Matthew Bishop

Kenneth Rogoff discusses the 'Curse of Cash,' his new book about phasing out most paper money to fight crime and tax evasion—and to battle financial crises by tapping the power of negative interest rates.

See more in Global; Monetary Policy; Transnational Crime