The Fed's Ammunition
Scott passionately discusses how the Fed could have been more aggressive during the Great Depression and emphasizes the untapped ammunition they still have. He argues that any estimate of the effects of fiscal stimulus should consider the reaction function of monetary policymakers, challenging the traditional view of fiscal stimulus.In this clip
From this podcast
EconTalk
Scott Sumner on Money and the Fed
Related Questions
What was the political effect of Barack Obama's decision to rely on quantitative easing during the Great Recession?
Should government intervene in crises as discussed in the episode Scott Sumner on Money and the Fed and the clip Uncertainty in Economic Stimulus?
Should government intervene in crises as discussed in the episode Scott Sumner on Money and the Fed and the clip Uncertainty in Economic Stimulus?