Evaluating monetary tools available to central banks, why the Fed still has some ammunition, and why the ECB should adopt a review of its monetary policy framework
Joseph Gagnon is a senior fellow at the Peterson Institute for International Economics and formerly, a senior staffer at the Federal Reserve Board of Governors. Joseph is also a returning guest to Macro Musings. He joins the show today to discuss his recent policy brief titled, "Are Central Banks Out of Ammunition to Fight a Recession? Not quite." Specifically, David and Joseph discuss the variety of monetary policy