Monetary Policy


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.

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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.

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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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The Economic Costs of Government Activism

Speaker: Alan Greenspan
Presider: Roger Altman

Please join Alan Greenspan for a conversation on the U.S. government's economic recovery and reform efforts since the collapse of Lehman Brothers in September 2008. In this session, Dr. Greenspan will discuss his analysis that the primary culprit for the tepid recovery, and current abnormally high levels of unemployment, is the level of government activism during the past two years.

Pre-publication access to Dr. Greenspan's forthcoming International Finance piece on this subject can be found here:

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