News and upcoming events
Thursday, March 28. North Korea: Peace? Nuclear War? William Overholt, M-RCBG senior research fellow. 11:45am-1pm, Bell..
Lawrence H. Summers: Alan Krueger helped make life better for millions who will never know his name, The Washington Post. Also Secular Stagnation Blog and The left's embrace of modern monetary theory is a recipe for disaster, The Washington Post.
Scott Ratzan: States are failing on vaccinations. The federal government must lead,The Washington Post, and No More 'Truth Decay': It's time to stand up against anti-vaxxers, MedPage Today.
Should Bold Ideas Drown Out Old Ideas? Jeffrey Frankel, Project Syndicate
Jason Furman's report, Unlocking digital competition, Report of the Digital Competition Expert Panel. Read more coverage here and here.
Risky Retirement Business. Carmen Reinhart, Project Syndicate
Read the Center's Spring 2019 newsletter here (PDF)
After the financial crisis, countries around the world significantly expanded the objectives and powers of central banks. As central banks have acquired more powers, the trade-off between independence and accountability has become more complex and as a result, the pre-crisis academic consensus around central bank independence has broken down and popular discontent towards central banks is growing. Ed Balls, James Howat and Anna Stansbury have co-authored a working paper, Central Bank Independence Revisited: After the financial crisis, what should a model central bank look like?
Paul Tucker, M-RCBG research fellow and chair of the Systemic Risk Council, spoke on this topic at the Annual Robert Glauber Lecture on October 24, 2018: Reinforcing Financial Stability in a Crumbling International Order. Watch the video here.
"It is often said that the chair of the Federal Reserve is the second most important person in Washington. I'm not sure the statement is exactly right, but that it is plausible is, in a sense, remarkable. Why should the second most important person in Washington not be elected by the people or at least directly accountable to and subject to dismissal by elected officials?"
Lawrence H. Summers
Charles W. Eliot University Professor
Director, Mossavar-Rahmani Center for Business & Government
Related: Washington may bluster but cannot stifle the Chinese economy
#Xi's European tour is response to US-China rift says @PhLeCorre in his latest op-ed: https://t.co/nIMM3Jt0WB
Responding to some of the critiques by @martinwolf_ @MESandbu @DLeonhardt @delong of my paper with @LukaszRachel of @bankofengland on secular stagnation and fiscal policy https://t.co/S3RRhruSvw
Responding to some of the critiques by @martinwolf_ @MESandbu @DLeonhardt @delong of my paper with @LukaszRachel of @bankofengland on secular stagnation and fiscal policy https://t.co/S3RRhruSvw
#Xi's European tour is response to US-China rift says @PhLeCorre in his latest op-ed: https://t.co/nIMM3Jt0WB
#Xi's European tour is response to US-China rift says @PhLeCorre in his latest op-ed: https://t.co/nIMM3Jt0WB
Responding to some of the critiques by @martinwolf_ @MESandbu @DLeonhardt @delong of my paper with @LukaszRachel of @bankofengland on secular stagnation and fiscal policy https://t.co/S3RRhruSvw
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