lender of last resort, bank runs, panics, monetary primer

So far, throughout this primer, I've claimed that central banks have one overarching task to perform:  their job, I said, is to "regulate the overall availability of liquid assets, and through it the general course of spending, prices, and employment, in the economies they oversee." I've also…

34th Annual Monetary Conference, Cato Journal, debt trap, monetary transmission, macroprudential regulation

Research papers presented at November’s 34th Annual Monetary Conference: Central Banks and Financial Turmoil are now available in the latest edition of  the Cato Journal. The articles investigate pressing questions like the monetary effects of macroprudential regulation, central banks and the debt trap, and the monetary transmission…