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Classic Policy Benchmarks for Economies with Substantial Inequality

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St. Louis Fed President Jim Bullard participated on a policy panel during the Annual Conference of the Central Bank of Chile. The topic of the conference was “Heterogeneity in Macroeconomics: Implications for Monetary Policy.” During the panel discussion, Bullard presented "Classic Policy Benchmarks for Economies with Substantial Inequality." In the presentation, he outlined an argument that the contribution of a central bank to optimal macroeconomic policy may not be importantly altered by the presence of heterogeneous households. (He has presented previous versions of these slides at lectures and conferences.)
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Suggested Citation

  • James B. Bullard & Riccardo DiCecio, 2020. "Classic Policy Benchmarks for Economies with Substantial Inequality," Speech 87934, Federal Reserve Bank of St. Louis.
  • Handle: RePEc:fip:fedlps:87934
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