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After Unconventional Monetary Policy

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  • John B. Taylor

Abstract

This testimony before the Joint Economic Committee of the United States Congress shows the unintended consequence of the Federal Reserve's unconventional monetary policy. It suggests returning to a rules-based policy in order to promote stable prices, economic growth, and job creation.

Suggested Citation

  • John B. Taylor, 2014. "After Unconventional Monetary Policy," Economics Working Papers 14108, Hoover Institution, Stanford University.
    • Handle: RePEc:hoo:wpaper:14108
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    References listed on IDEAS

    as
    1. Joseph E. Gagnon & Brian Sack, 2014. "Monetary Policy with Abundant Liquidity: A New Operating Framework for the Fed," Policy Briefs PB14-4, Peterson Institute for International Economics.
    2. John B. Taylor, 2014. "Monetary Policy and the State of the Economy," Economics Working Papers 14107, Hoover Institution, Stanford University.
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    Cited by:

    1. Bhar, Ramaprasad & Malliaris, A.G., 2021. "Modeling U.S. monetary policy during the global financial crisis and lessons for Covid-19," Journal of Policy Modeling, Elsevier, vol. 43(1), pages 15-33.

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