Policy Panel at Central Bank of Chile Conference

November 22, 2022

St. Louis Fed President Jim Bullard participated on a policy panel during the Annual Conference of the Central Bank of Chile. The topic of the conference was “Heterogeneity in Macroeconomics: Implications for Monetary Policy.”

During the panel discussion, Bullard presented “Classic Policy Benchmarks for Economies with Substantial Inequality” (PDF). In the presentation, he outlined an argument that the contribution of a central bank to optimal macroeconomic policy may not be importantly altered by the presence of heterogeneous households. (He has presented previous versions of these slides at lectures and conferences.)

Video

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