Monetary policy at the effective lower bound. By Kristin J. Forbes (MIT-Sloan School), James Hamilton (University of California, San Diego), Eric T. Swanson (University of California, Irvine), and Janet L. Yellen (Brookings Institution).  Former Fed Chair Janet L. Yellen, in a symposium with the authors of three papers presented at the Fall 2018 BPEA conference, discusses what monetary policymakers should do when interest rates approach the effective lower bound and what the lower bound could mean for their ability to set monetary policy.
 
For the full story, please visit https://www.brookings.edu/blog/up-front/2020/08/12/the-feds-review-of-its-monetary-policy-strategy-and-what-brookings-scholars-have-to-say-about-it/.

 

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