The more guidance a central bank can provide the public about how policy is likely to evolve the greater the chance that market participants will make appropriate inferences.
Ben BernankeBen Bernanke In a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place.
Ben BernankeBen Bernanke Both humanity’s capacity to innovate and the incentives to innovate are greater today than at any other time in history.
Ben BernankeBen Bernanke The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers.
Ben BernankeBen Bernanke The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.
Ben BernankeBen Bernanke
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