Our conversation from the Brookings Institution on Monetary Policy and inflation continues. Coming up, well hear from former fed chair ben bernanke and New York Times columnist and authored paul krugman. Thank you all for continuing the conversation. Its almost hard to believe theres anything left to say after those panels. So i was going to propose that we do this whole thing in rap. Or maybe in finnish, but i thought that was a little unfair given that i havent given the panel advanced warning of that. Thats right. Also, you wouldnt want to hear me. So i am joined here by Olivia Blanchard whos with the peterson institute, formerly of the International Monetary fund and m. I. T. Loretta mester, and ben beg your pardon ben bernanke, our colleague here at brookings, paul krugman, the economist at the university of new york and columnist for the New York Times. Krugman is the guy that makes all journalists nervous because he seems to be more productive than the rest of us and thats kind
Or conversation from the Brookings Institution on Monetary Policy and inflation continues. Coming up, well hear from former fed chair ben bernanke and New York Times columnist and author paul krugman. Thank you all for continuing the conversation. Its almost hard to believe theres anything left to say after those panels. So i was going to propose that we do this whole thing in rap or maybe in finnish, but i thought that was a little unfair given that i havent given the panel advanced warning of that. Thats right. Also, you wouldnt want to hear me. So i am joined here by Olivia Blanchard formerly of the International Monetary fund and m. I. T. Loretta midwe loretta mester, and ben bernanke, and our colleague gary brookings and paul krugman, the economist at the university of new york. Columnist for the New York Times, krugman is the guy that makes all journalists nervous because he seems to be more productive than the rest of us and thats kind of frightening given that he does all of th
First time with Mister Snowden himself with this book. In combination with the aclu Mister Romero hill discussed the how and why of the why he did it. Mister snowden leapt a cache of documents to journalists, journalists he believed would release them without tolerating government interference in censorship. Those documents showed us our rights are being violated on an unprecedented scale. Intelligence agencies were engaging not in targeted surveillance as they told us but gathering up everything they could scoop up on us. A personal private data of anyone and everyone who uses a cell phone or the internet. A data from the underwater cables crossing the ocean through which all that traffic travels. They required the telecomsto build backdoors so that they can hack us. Doing so they acquired a lot. A lot on us. So much in fact that in one points i think itslowed down the internet. The officials engaged in this line to congress, said they were not doingit, many of them regulate now appea
Advance warning and so i am joined here by olivia who is now at the Peterson Institute and loretta who is the president of the Federal Reserve bank in cleveland and grenade the former fed chairman and paul crewmen the economist and Senior University of new york and columnist for the New York Times and he is the guy who make all journalists nervous because he seems to be more productive than the rest of us and that is kind of frightening given that he does all these other things at the side but we can discuss that later so i wanted to start by asking each of the panelists a little bit about what they took away from the conversation we had this morning. I want to start with olivier who made the observation, him inside the you see behind us about how they behave, perhaps one in this expected but prices arent rising so the question is, what the hell is going on . So i had prepared a slide in anticipation and i think it has survived the previous three hours fairly well and coincides with th
Questions relevant. Today one of the most vexing questions for people who participant in markets, but thats a different part of the world, is that inflation has refused to rise, much less persist, at the 2 targets. Key question is, why . While history will be the judge once the data has been interrogated, we dont have time for that, because todays policymakers and investors need to act and to do so require at least a rudimentary answer to this puzzle. Today we have gathered some of the leading experts in the world. Inflation didnt fall as much during the Great Recession as the models anticipated and hasnt risen as much lately. Is it dead or just dormant or has the death been much exaggerated. In my experience, wiped capitulation is the first sign of the bottom. Thats kind of where we are right now. Has Monetary Policy been so well anchored. Have globalization and Technology Made raising prizes difficult . Has the economy evolved in ways the models simply havent been incorporated . And