Fed needs sounder framework for QE, G30 economists say
Former heads of BoE, BoJ and NY Fed discuss how US central bank could bolster its independence
The US Federal Reserve needs to develop a comprehensive framework for balance sheet policies and evaluate their costs and benefits carefully if it is to conduct quantitative easing again, three former heads of monetary institutions have said.
In a webinar on May 7, former Bank of England governor Mervyn King, former Bank of Japan governor Masaaki Shirakawa and former Federal Reserve Bank of New York president William Dudley discussed how the US central bank could buttress its independence by
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Book notes: Central bank capitalism: monetary policy in times of crisis, by Joscha Wullweber
This book asks if independent monetary policy is feasible at a time when central banks prop up the poorly regulated shadow banking sector