Said@Duke: Tom Barkin on New Monetary Policies

In the last downturn we were hesitant to move too aggressively. We feared an outbreak of inflation or financial instability. I think we’ve learnt in fact we can act faster and more forcefully.” — Tom Barkin, CEO-Federal Reserve Bank of Richmond

Tom Barkin, president and CEO of the Federal Reserve Bank of Richmond, led a panel Wednesday about what type of monetary, fiscal and structural policies will be needed to support economic growth and respond to the next economic downturns. The panel also discussed some recent proposals in terms of new macro policy frameworks, including close coordination between monetary and fiscal policies in the United States and European Union.

The Duke University Center for International and Global Studies, the Global Financial Markets Center at Duke Law and the Department of Economics co-sponsored the event.

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