Many major world economies are at risk of slipping from a period of falling inflation (disinflation) into outright negative inflation (deflation), and the eurozone is leading the trend. The European Central Bank and Fed in particular must strive to avoid this outcome by striking a balance between continuing quantitative easing and tightening monetary policy.
Testimony before the House Committee on Financial Services Subcommittee on Monetary Policy and Trade.
Chairman Campbell, Ranking member Clay, and members of the committee I am pleased to offer testimony on practices of central banks since the great financial crisis of 2008. While the last 5 years has been a very challenging period for all central banks, a review of practices and outcomes will...
In the aftermath of the Great Recession, major central banks have scrambled to support economic recovery and to avoid deflation through highly accommodative and unorthodox monetary policy stances. Although relatively successful in the short term, these policies have given rise to incipient asset- and credit-market bubbles and to spillover effects on the emerging-market economies.
The monetary cliff, or US potential to slip into a period of negative inflation (deflation), is more threatening than the fiscal cliff the United States faced earlier this year. Fed Chairman Ben Bernanke and soon-to-be chairman Janet Yellen should make deflation avoidance a more clearly stated Fed objective.
President Obama's nomination of Janet Yellen as chairman of the Federal Reserve board represents a victory for the Left. And her confirmation hearing may bring to light the Right's shifting views in the arcane but crucial area of monetary policy.
At this event, Dinesh Thakur will discuss his experiences and the wider problems of Indian drug quality. Pharmaceutical and medical experts will then discuss Thakur’s remarks and the safety of US and international drugs.
Join us for a conversation with Governor Dannel Malloy as he discusses the successes and challenges of accomplishing school reform at the state level.
Join AEI in welcoming Michael Rubin for a Bradley Lecture discussing his upcoming book “Dancing with the devil: Lessons from negotiating with rogues and terrorists.”
At the Philanthropic Freedom Project's inaugural public event, AEI President Arthur Brooks will present his new research on how charitable giving has changed in the United States in the wake of the Great Recession and how those changes have serious ramifications for future tax policy.
The Air Force Association’s Mitchell Institute and AEI’s Marilyn Ware Center for Security Studies invite you to a forum with the 18th Air Force Chief of Staff General T. Michael Moseley (ret.) to discuss the imperative for air power in an increasingly uncertain world.
Thie event will address the economic implications of cultural fragmentation, the perception of capitalism in Western culture, and how economists can incorporate cultural considerations into their analyses.