Two Views of International Monetary Policy Coordination
April 7, 2014
St. Louis Fed President James Bullard discussed a traditional view and an alternative view of monetary policy coordination at the 27th Asia/Pacific Business Outlook Conference. While he noted that there is room for debate, Bullard endorsed the traditional view, in which policymakers follow good policy focused on domestic variables and the gains from international monetary policy coordination are small.
Presentation (pdf) | Press Release
Related News Articles:
- Fed's Bullard: Encouraged by Rebound in March Jobs Data, by Michael S. Derby and Hannah Karp, Dow Jones.
- Bullard open to int'l planning, Investor's Business Daily.
- St Louis Fed Bullard: Inflation Bottomed, Poised to Go Higher, by Karen Mracek, Market News International.
- Fed's Bullard sees no need for global monetary coordination, by Tim Reid and Jason Lange, Reuters.
Similar remarks were also given at the 17th Annual Asian Investment Conference, Hong Kong, China, March 27, 2014.
News articles related to the March 27, 2014, presentation:
- Fed's Bullard: Limited Value In Central Bank International Coordination, by Michael S. Derby and Michael S. Arnold, Dow Jones.
- Fed's Bullard: Financial stability concerns loom large, by Laura He, MarketWatch.
- Fed Bullard: International Monetary Policy Coordination Gains Small, Market News International.
- Fed's Bullard sees potential risk of bubble as easy policy unwound, by Michael Flaherty and Saikat Chatterjee, Reuters.
