Episode notes
Podcast Title: "Dissecting Monetary Policies: Insights from Federal Reserve Bank of St. Louis REVIEW, Q2 2014"Episode Notes:
- Introduction:
- Overview of today's topic: U.S. monetary policy as discussed in the Federal Reserve Bank of St. Louis REVIEW Second Quarter 2014.
- Inflation Targeting:
- Definition and significance of inflation targeting as a monetary policy strategy.
- Historical perspective: How inflation targeting evolved and its application across countries.
- Insights from Ben Bernanke: Weighing the pros and cons of inflation targeting.
- Federal Reserve & The Financial Crisis:
- Role of the Fed during the crisis: Providing liquidity and mitigating panics.
- Bagehot's rule ...