..., meant that South Africa did not have the luxury of waiting for new policies to bear fruit. With the inflation forecast to exceed the mandated target, the governor would have to tighten monetary policy, which would further restrict investment. Was it is time for South Africa to change course? Tito...

... of the current administration could cost him his job. This case follows classes on fiscal and monetary policy in normal times and is the first class in a sequence on macroeconomic challenges–in this case, stagflation–high inflation and high unemployment. Students are pushed to consider why macroeconomic...

... the Federal Reserve take a more accommodative stance? To gain perspective, Powell needed to look back at the past fifty years of monetary policy in the United States. Inflation is a risk, even if it is not inevitable. The large volume of reserves…makes that risk greater. It will take skill—as well...

... mounds of evidence is necessary before forecasting the exchange rate's likely path. Filtering that evidence requires thinking about FX markets, prospective monetary policies, and past and prospective international capital flows. Exhibit 2 Dollars/Euros (solid line, left axis) and Interest Rate...

...Francis E. Warnock At what point in the tepid recovery from the global financial crisis should the Fed take a major step in normalizing U.S. monetary policy by greatly reducing its holdings of U.S. Treasury bonds? Federal Reserve Board Chairman Ben Bernanke faced this question in Spring 2012, even...

... (a 9% loss). The market had stabilized a bit from mid-December to mid-January, but the slide continued with the S&P 500 down more than 10% the previous few weeks. (For basic economic and financial indicators, see Exhibits 1 and 2 .) global financial crisis monetary policy fiscal...

...Wei Li The case has been used in a first-year required course called Global Economies and Markets in a module on monetary policy. On October 24, 2005, President Bush nominated Ben S. Bernanke to be chairman of the board of governors of the Federal Reserve System for a term of four years along...