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212 entry daha
  • st. louis fed başkanı james bullard bazı sorulara cevap vermiş.

    başkanın cevaplarından biri, fed'in geleceği için önem taşıyor:
    --- spoiler ---
    q: what will policymakers at the fed do with the information gathered during this whole review?

    a: ı think the code word here is evolution, not revolution. ı don’t think we want to give the impression that we’re going to overturn the current fed operating framework or strategic framework overnight. ı don’t think that’s realistic or desirable. but ı do think that many of these ideas will feed into future monetary policy as we go forward and creep in in various ways. some of them might be more visible than others, but ı would not expect a manifesto to come out that radically reorients fed policy.

    this is not necessarily meant to suggest that there are big changes afoot. but it is meant to be thoroughgoing, get lots of input and think about these issues deeply on a calendar basis, something like five or seven years. because otherwise you might go 50 years and you never changed your framework, and it gets badly out of date and it really doesn’t work very well. but because you’ve never thought about the strategy, you’ve never changed it. and if you are going to change it, you would have to change it in small ways in order to make progress.
    --- spoiler ---

    anlaşılan o ki fed kademeli olarak nominal gdp hedeflemesine geçmeye başlayacak. beklediğim de buydu. market monetarizmi için hoş bir zafer.

    aynı şey, ngdp gelecek hedefleri için de geçerli -piyasa politikalarına dair kılavuzlar aşamalı bir şekilde tanıtılmakta(şu an bile). bullard'ın dediği gibi, 5-7 yıl arasında fed'in enflasyon hedeflemesi yerine nominal gdp hedeflemesine geçeceği(onun deyimiyle evrim) kesin görünüyor.
4 entry daha