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Monetary policy and the new normal

Author

Listed:
  • Michael Dotsey

Abstract

Is the economy in for a prolonged spell of slow growth, as some believe, or a burst of innovation and productivity? In either event, policymakers must pay close attention to productivity trends.

Suggested Citation

  • Michael Dotsey, 2016. "Monetary policy and the new normal," Economic Insights, Federal Reserve Bank of Philadelphia, vol. 1(1), pages 1-4, January.
    • Handle: RePEc:fip:fedpei:00001
    as

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    References listed on IDEAS

    as
    1. Jeffery D. Amato, 2005. "The role of the natural rate of interest in monetary policy," BIS Working Papers 171, Bank for International Settlements.
    2. repec:aei:rpaper:37301 is not listed on IDEAS
    3. David M. Byrne & Stephen D. Oliner & Daniel E. Sichel, 2013. "Is the Information Technology Revolution Over?," International Productivity Monitor, Centre for the Study of Living Standards, vol. 25, pages 20-36, Spring.
    4. Michael Dotsey, 2004. "How the Fed affects the economy: a look at systematic monetary policy," Business Review, Federal Reserve Bank of Philadelphia, issue Q1, pages 6-15.
    5. Jeffery D. Amato, 2005. "The Role of the Natural Rate of Interest in Monetary Policy," CESifo Economic Studies, CESifo Group, vol. 51(4), pages 729-755.
    6. Chad Syverson, 2013. "Will History Repeat Itself? Comments on “Is the Information Technology Revolution Over?”," International Productivity Monitor, Centre for the Study of Living Standards, vol. 25, pages 37-40, Spring.
    7. Robert J. Gordon, 2012. "Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds," NBER Working Papers 18315, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

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