Solving policy problems, at the Federal Reserve and elsewhere

Addressing policy problems involves teamwork, leadership, and clear communications—examples range from addressing the 9/11 crisis to passing the Check-21 Act. The U.S. continues to face the major problems of financing retirement and health care. There are no magic answers—it is an interesting time t...

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Bibliographic Details
Published in:Business economics (Cleveland, Ohio) Ohio), 2020-07, Vol.55 (3), p.107-112
Main Author: Ferguson, Roger W.
Format: Article
Language:English
Subjects:
Analysis
Beliefs, opinions and attitudes
Business and Management
Central banks
Climatic changes
Economic aspects
Economics
Economics and Finance
Economists
Federal Reserve monetary policy
Ferguson, Roger W., Jr
Government regulation
Monetary policy
Political Economy/Economic Systems
Retirement planning
Retirement plans
Social services
Speech
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Summary:Addressing policy problems involves teamwork, leadership, and clear communications—examples range from addressing the 9/11 crisis to passing the Check-21 Act. The U.S. continues to face the major problems of financing retirement and health care. There are no magic answers—it is an interesting time to be an economist thinking about entitlements. Climate change is another area that economists are trained to think about, and it may be starting to play into conversations about central banking, adding to questions about the use of nontraditional tools. While there are proposals to increase the use of automatic fiscal stabilizers, these may look simple, but are quite complex in reality.
ISSN:0007-666X
1554-432X
DOI:10.1057/s11369-020-00178-0