Authors:

  • Jeremy Stein

Excerpt

Lean, Clean, and In-Between. Jeremy Stein, October 18, 2013, Opinion. "Thank you. The theme of this conference is, "Lessons from the Financial Crisis for Monetary Policy." Given the opportunity to speak about this topic, my first thought was that I should organize my remarks around the familiar "lean versus clean" debate. The traditional, pre-crisis framing of the question went something like this: Should policymakers rely on ex ante measures to lean against potential financial imbalance..." Link Verified October 12, 2014