Brainard: Rethinking Monetary Policy in a New Normal

I enjoyed Ben Bernanke's paper titled "Monetary Policy in a New Era."1 He presents a compelling diagnosis of the issues facing policymakers and discusses a variety of policy options. Bernanke proposes an approach to policy that is elegant and straightforward to communicate. I will focus on those...
Brainard: Rethinking Monetary Policy in a New Normal