A Quote by Edward C. Prescott

Monetary policy causes booms and busts.

Edward C. Prescott

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Causes Monetary Monetary Policy Policy

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Edward C. Prescott
American - Economist
Born: December 26, 1940

The few emerging economies that have avoided booms and busts have done so by adhering to sound policy frameworks.

Raghuram Rajan

Until we have comprehensive financial education, we'll never see the end of our booms and busts.

Robert Kiyosaki

Of course I welcome all the normalization of monetary policy. I think monetary policy should be normal.

Elvira Nabiullina

What we need to understand is, one, that there are market failures; and two, that there are things like asset bubbles and irrational exuberance. There are periods of booms, bubbles, and manias. These things, if left to themselves, can lead to crashes, to busts, to panics.

Nouriel Roubini

If the financial system has a defect, it is that it reflects and magnifies what we human beings are like. Money amplifies our tendency to overreact, to swing from exuberance when things are going well to deep depression when they go wrong. Booms and busts are products, at root, of our emotional volatility.

Niall Ferguson

Inflation is certainly low and stable and, measured in unemployment and labour-market slack, the economy has made a lot of progress. The pace of growth is disappointingly slow, mostly because productivity growth has been very slow, which is not really something amenable to monetary policy. It comes from changes in technology, changes in worker skills and a variety of other things, but not monetary policy, in particular.

Ben Bernanke

We need to keep in mind the well-established fact that the full effects of monetary policy are felt only after long lags. This means that policy makers cannot wait until they have achieved their objectives to begin adjusting policy.

Janet Yellen

I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.

Paul Krugman

Fiscal policy, monetary policy, they need to work together to try and raise the level of growth.

Joe Hockey

Beyond monetary policy, fiscal policy has traditionally played an important role in dealing with severe economic downturns.

Janet Yellen

Monetary conditions exert an enormous influence on stock prices. Indeed, the monetary climate - primarily the trend in interest rates and Federal Reserve policy - is the dominant factor in determining the stock market's major direction.

Martin Zweig

Monetary policy transmission encompasses the whole continuum of interest rates; of course, the central bank only determines the overnight policy rate.

Urjit Patel

The Great Depression was not a sign of the failure of monetary policy or a result of the failure of the market system as was widely interpreted. It was instead a consequence of a very serious government failure, in particular a failure in the monetary authorities to do what they'd initially been set up to do.

Milton Friedman

When there's downward pressure on growth, one choice is to adjust economic policy, increase deficits, relax monetary policy. That might have a short-term benefit, but may not be beneficial for the future.

Li Keqiang

I don't make sonic booms. I want a whip. I like the idea of walking around making sonic booms everywhere.

Karen Marie Moning

During the last campaign I knew what was happening. You know, they mocked me for my foreign policy and they laughed at my monetary policy. No more. No more.

Ron Paul

A Quote by Edward C. Prescott

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