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

Podcast

China's Difficult Choices

CFR's Brad Setser examines U.S. Treasury Secretary Timothy Geithner's statements about the need to rebalance China's economic relations with the United States and says China shouldn't be overly concerned about the risks of U.S. inflation.

See more in China; Monetary Policy

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

Video

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

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

Watch 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

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