This video includes William White’s presentation at an American Enterprise Institute conference in Washington on 14 February 2018. Mr White’s remarks begin about one hour after the start, which featured a presentation by Alan Greenspan.
This article was published by Project Syndicate on 14 December 2017. Making near term price stability the objective of monetary policy is dangerous because of the unintended consequences of pursuing it, and it is delusional because it often (given supply side shocks) should not be pursued in the first place.
William White was intervewed by Bloomberg on 13 September 2017 in Hong Kong. He gave his views about prospective global economic and financial development and the risks that continued to build up, not least debt.
This presentation was made at a conference in Switzerland, organized as part of the debate in preperation for a popular referendum on the adoption of a “narrow money” proposal. My presentation made the case for thinking more radically about system reform than has been done to date.
GDIUliKortschZurichPDFWilliam White, as chairman of the Economic and Development Review Committee at the OECD, was invited to speak to the Ambassadors at their annual retreat on the topic of the future work program of the OECD. He gave strong support to the OECD project called NAEC, New Approaches to Economic Challenges. This project was initiated by the Secretary General in recognition of the shortcomings of the analytical appraches relied upon prior to the crisis, which failed to see the crisis coming and also failed to predict both its magnitude and duration.
OECDAmbassadors2017PDFWilliam White was asked by the organizers to sum up the proceedings at the end of the conference. These are his personal observations. The offical summary, jointly drafted with the conference organizers, is on this website under Publications.
IMFHKMASummary2017PDFIn this presentation, William White suggests criteria for allocating the respsonsibility for macroprudential policies between domestic institutions. He concludes that there are strong grounds for the central bank playing a leading role, particularly with policies designed to prevent crises.
This presentation was made at the IMD Global Board Center in Lausanne. It concludes that, while many positive changes have been made, systemic risks still remain. This justifies some more radical thoughts about financial regulation going forward.
IMDGlobalCIC2017PDF
This essay will be forthcoming in a book published by the Reinventing Bretton Woods Committee. It argues that monetary, fiscal and regulatory policies have all been conducted without adequate consideration being given to their longer run consequences. Policies should try to deliver not only material increases in well being, but also increases that are sustainable and benfit the many and not just the few. To acheive such policy outcomes, we must reform both the domestic and international institutional structures that condition such policies.
Things keep getting worseThis article was published in the Spring 2017 edition of The International Economy. It is argued that the G7 should focus on identifiying longer term problems of common interest to G20 members as well as measures to remove impediments to international cooperation when seeking solutions. The G7 needs a permanet secretariat as well as measures to make it accountable for actually doing what it has promised to do.
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