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A monetary policymaker's passage to India

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  • Janet L. Yellen

Abstract

Each year, the President of the San Francisco Fed joins the Federal Reserve Board Governor responsible for liaison with Asia on a "fact-finding" trip to the region. These trips advance the Bank's broad objectives of serving as a repository of expertise on economic, banking, and financial issues relating to the Pacific Basin and of building ties with policymakers and economic officials there. The knowledge gained and the contacts developed are critical in understanding trends affecting the District, in carrying out responsibilities in banking supervision, and in ensuring that policymakers have the understanding of global economic trends necessary to conduct policy and promote the stability of global financial markets. This Economic Letter summarizes President Yellen's report on her trip to India in November 2005.

Suggested Citation

  • Janet L. Yellen, 2006. "A monetary policymaker's passage to India," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue jul7.
  • Handle: RePEc:fip:fedfel:y:2006:i:jul7:n:2006-16
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    References listed on IDEAS

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    1. Mark Doms & John Krainer, 2007. "Innovations in mortgage markets and increased spending on housing," Working Paper Series 2007-05, Federal Reserve Bank of San Francisco.
    2. Richard K. Green & Susan M. Wachter, 2005. "The American Mortgage in Historical and International Context," Journal of Economic Perspectives, American Economic Association, vol. 19(4), pages 93-114, Fall.
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