Conducting Monetary Policy in a Complex, Adaptive Economy

This article was published in Credit and Capital Markets, Volume 50, Issue 2, 2017, pp 213-235. It argues that conventional monetary policy fails to recognize that the economy is a complex, adaptive system like many in in nature and society. This failure has resulted in easy monetary policies producing a number of dangerous and unintended consequences whose effects can now only be mitigated by government action. Embracing complexity also leads to many practical suggestions as to how monetary policy might be better conducted in the future.

Creditand CapitalArticle
Posted by williamw in Publications

Upgrading the G7 and revamping its agenda

“How might changes in the way the G7 functions improve the overall process of international cooperation in the economics
sphere?”

Article by William White published in Spring 2017 in the International Economy Magazine

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TIE_Sp17_White
Posted by williamw in Articles

Q & A: Bill White on global monetary policy in an era of post-crisis politics

At a meeting of the Beat Siegenthaler of the UBS Knowledge Network in Zurich on Jan 20, Bill discussed how even a relatively limited fiscal stimulus by the Trump administration might give the Fed cover to tighten monetary policy, which in turn could lead to more overt political pressure on the central bank.

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Posted by williamw in Interviews