“What Rule for the Fed? Forecast Targeting”, revised August 2019, International Journal of Central Banking, forthcoming. Paper.
Previous version presented at the Federal Reserve Bank of Boston’s 61st Economic Conference, “Are Rules Made to be Broken? Discretion and Monetary Policy,” October 13–14, 2017. Slides. Conference. Continue reading
“Interest rates during and after the crisis: Leaning against the wind, or not?”, keynote address at the workshop on “Interest rates after the financial crisis,” Örebro University and Kommuninvest, Örebro, October 3, 2017. Slides.
“Commentary on Monetary Policy and Financial Stability” (slides), presented at “Challenges to Financial Stability in a Low Interest Rate World,” Annual International Journal of Central Banking Research Conference, Federal Reserve Bank of San Francisco, November 21-22, 2016.
Published as “Leaning Against the Wind: Costs and Benefits, Effects on Debt, Leaning in DSGE Models, and a Framework for Comparison of Results,” International Journal of Central Banking 13 (September 2017) 385-408.
“Should Monetary Policy Take Financial-Stability Considerations into Account at the ELB?”, panel presentation (slides) at the First ECB Annual Research Conference, “Monetary Policy and Financial Stability in a Low Interest Rate Environment,” Frankfurt, September 28-29, 2016.
Keynote presentation at the Norges Bank Conference “Rethinking Inflation Targeting,” Oslo, September 8-9, 2016. Slides. Paper.
“The Recent Swedish Experience of Monetary Policy and Macroprudential Policy,” slides presented at Riksrevisionen (The Swedish National Audit Institution), Stockholm, August 30, 2016.
“The Recent Swedish Experience of Monetary Policy and Macroprudential Policy,” slides presented at Finansbolagens informationsmöte, Grand Hotel, Stockholm, May 20, 2016.
“Should monetary policy ever lean against the wind?“, slides for presentation at the conference “The ECB and Its Watchers XVII” organized by the Center for Financial Studies and the Institute for Monetary and Financial Stability, Frankfurt, April 7, 2016.
“Swedish monetary policy experience,” slides for presentation at Valutaseminariet 2016, Oslo, February 3, 2016.
Panel discussion, “Optimal Design for Monetary Policy in the Post Crisis Period” (slides), at the conference “Monetary Policy Implementation and Transmission in the Post-Crisis Period,” Federal Reserve Board, Washington, DC, November 12-13, 2015.
Excel sheet used in slide 5 for the simple example of a cost-benefit analys of leaning against the wind.
“Monetary policy and macroprudential policy: Different and separate?” paper (revised March 2018), Canadian Journal of Economics, forthcoming. First version and and slides presented at the conference “Macroprudential monetary policy,” Federal Reserve Bank of Boston’s 59th Economic Conference, Federal Reserve Bank of Boston, October 2-3, 2015. Excel sheet used in slide 21 for the simple example of a 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.