Monthly Archives: June 2015

Cost-benefit analysis of leaning against the wind

Presentation at the AQR Institute of Asset Management event Perspectives: Unprecedented Monetary Policy Intervention, London Business School, London, June 25, 2015.

Previous version presented at the Bank of England-Hong Kong Monetary Authority-International Monetary Fund conference on Monetary, Financial and Prudential Policy Interactions in the Post-Crisis World held at Bank of England, London, June 16-17, 2015.

A simple cost-benefit analysis of using monetary policy for financial-stability purposes

A simple cost-benefit analysis of using monetary policy for financial-stability purposes,” in Blanchard, Olivier J., Raghuram Rajan, Kenneth S. Rogoff, and Lawrence H. Summers, eds., Progress and Confusion: The State of Macroeconomic Policy, MIT Press, forthcoming.

Contribution to the conference Rethinking Macro Policy III: Progress or Confusion?, Washington, DC, April 15-16, 2015.