A Quote by Ben Bernanke

Clear communication is always important in central banking, but it can be especially important when economic conditions call for further policy stimulus but the policy rate is already at its effective lower bound.
In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of faith in central banking that secrecy about monetary policy decisions was the best policy: Central banks, as a rule, did not discuss these decisions, let alone their future policy intentions.
We need to have a clear moral vision for both our foreign policy, and economic policy and policy on racial justice.
However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.
An important instrument of economic policy-making in a market economy is credible, consistent, and timely communication.
Beyond monetary policy, fiscal policy has traditionally played an important role in dealing with severe economic downturns.
Monetary policy transmission encompasses the whole continuum of interest rates; of course, the central bank only determines the overnight policy rate.
... it's important to have the right monetary policy. It's important for, to have the right fiscal policy. But it's nowhere near as important as just the normal regenerative capacity of American capitalism.
The world is now unipolar and contains o­nly o­ne superpower. Canada shares a continent with that superpower. In this context, given our common values and the political, economic and security interests that we share with the United States, there is now no more important foreign policy interest for Canada than maintaining the ability to exercise effective influence in Washington so as to advance unique Canadian policy objectives.
There is no economic policy. That's really important to say. The general modus operandi of the Bushies is that they don't make policies to deal with problems. They use problems to justify things they wanted to do anyway. So there is no policy to deal with the lack of jobs. There really isn't even a policy to deal with terrorism. It's all about how can we spin what's happening out there to do what we want to do.
And judging what is appropriate or not appropriate for a country, I think it is important in particular in judging what is the appropriate economic policy framework, one should take into account the overall political environment and the institutional framework within which economic policy operates.
Watch out Mr. Bush! With the exception of economic policy and energy policy and social issues and tax policy and foreign policy and supreme court appointments and Rove-style politics, we're coming in there to shake things up!
The two important variables for the policy formulation are projected inflation and the output gap. There is no clear hidebound mathematics that we must give 'X' weight to inflation and 'Y' weight to growth and form the associated policy.
Bolsonaro is adopting a regressive policy as regards rights but a neoliberal policy when it comes to economic policy.
The most effective way to shake an economy out of a terrible downturn when we're at the zero lower bound is an aggressive change in policy that makes people wake up, say 'this is a new day' and change their expectations.
If the public understands the central bank's views on the economy and monetary policy, then households and businesses will take those views into account in making their spending and investment plans; policy will be more effective as a result.
It's so important for those living with chronic pain to establish good communication with both their healthcare professionals and caregivers. Clear communication about pain is vital to receiving proper diagnosis and effective treatment.
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