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Tightening Monetary Policy Now Is a Bad Mistake

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  • Josh Bivens

Abstract

There is no more important policy decision facing the U.S. government than whether it is time to tighten monetary policy after years of economy-rescuing monetary stimulus. This economist look at each and every argument for tightening now and finds them all lacking.

Suggested Citation

  • Josh Bivens, 2014. "Tightening Monetary Policy Now Is a Bad Mistake," Challenge, Taylor & Francis Journals, vol. 57(6), pages 5-22.
    • Handle: RePEc:mes:challe:v:57:y:2014:i:6:p:5-22
    DOI: 10.2753/0577-5132570601
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    References listed on IDEAS

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    1. Edward L. Glaeser & Joshua D. Gottlieb & Joseph Gyourko, 2012. "Can Cheap Credit Explain the Housing Boom?," NBER Chapters, in: Housing and the Financial Crisis, pages 301-359, National Bureau of Economic Research, Inc.
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    3. David G. Blanchflower & Adam S. Posen, 2014. "Wages and Labor Market Slack: Making the Dual Mandate Operational (DRAFT)," Policy Briefs PB14-10, Peterson Institute for International Economics.
    4. Laurence Ball, 2014. "Long-term damage from the Great Recession in OECD countries," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 11(2), pages 149-160, September.
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