Friday, May 3, 2024
Hoover Institution | Stanford University
The Hoover Institution Economic Policy Working Group hosts “Getting Global Monetary Policy on Track," its annual monetary policy conference on Thursday, May 2, 2024 at Stanford University.
Emilio Ocampo detailed the structural and political problems in Argentina that perpetually leads to poor fiscal and monetary policy.
Juan Pablo Nicolini gave a snapshot of Latin American inflation history broadly. Many countries moved from habitual inflation to much better control in recent decades.
Zhiguo He gave an overview of monetary policy in China. The central bank is not independent and is also charged with broader support of economic policy.
Ross Levine gave an overview of inflation and central bank actions in emerging markets. He then questioned some of the premises for independent central banks. The link from tools (interest rates) to inflation is vague. Most of all, it is not at all clear that financial regulation should be part of an independent institution unlike all other regulatory agencies.
“Getting Global Monetary Policy on Track" was the theme this year following up on last year’s theme “How to Get Back on Track," and the previous year’s theme “How Monetary Policy Got Behind the Curve.” A key goal of the conference is to examine how to get back and stay on track and, thereby, how to reduce the inflation rate without slowing down economic growth. This year the key policy issues are largely international, with special discussions of Europe and Asia. This is a policy-oriented conference consisting of formal presentations, policy panels, and in-depth discussions.
Read Dollarization as an Effective Commitment Device with Time Inconsistency Disease and Institutional Anomie: The Case of Argentina
www.hoover.org/sites/default/...
Emilio Ocampo, Universidad del CEMA
www.hoover.org/sites/default/... (slides)
Juan Pablo Nicolini, Federal Reserve Bank of Minneapolis and Universidad Di Tella
www.hoover.org/sites/default/... (slides)
Zhiguo He, Stanford University
www.hoover.org/sites/default/... (slides)
Ross Levine, Stanford University
www.hoover.org/sites/default/... (slides)
Chair: Peter Henry, Stanford University
For more information, visit www.hoover.org/events/getting....
13 май 2024
