“The situation is worse than it was in 2007. Our macroeconomic ammunition to fight downturns is essentially all used up,” said William White, the Swiss-based chairman of the OECD’s review committee and former chief economist of the Bank for International Settlements (BIS).
Publication: The Telegraph Date: 3 February 2016
Interview BWhite_Telegraph 19012016.pdf
Interview BWhite_Telegraph 19012016_0On 28 January 2016, White joins RN Drive to explain where economic policy has gone wrong and also details an OECD crackdown on tax avoidance by multinational companies like Google and Apple.
Interview with William White by Christof Leisinger published in Neue Zürcher Zeitung on 25 January 2015
william white_jan2016Panel Remarks by William White – at the Milken Institute London Summit – Grand Connaught – London UK – 12 October 2015
MilkenMacroprudentialDinner presentation by William White at the CABE (Canadian Association for Business Economics) at the Delta Hotel, Kingston on 24 August 2015
CABEKingston2015v2“Our problems can only be resolved through actions taken by governments, not by central banks.”
Article published in Finanz und Wirtschaft – 11 December 2015
Macro Prudential Policy is Not a Magic Bullet.pdf
Macro Prudential Policy is Not a Magic BulletPanel Discussion 18th Annual Conference – De Nederlandsche Bank – Amsterdam 19 20 November 2015
William White gave introductory comments and chaired a panel at a recent Conference sponsored by De Nederlandsche Bank in Amsterdam
DNBPanelDiscussionPresentation by William White at the Bruno Leoni Institute , Roma – 5th Lectio Minghetti – 20 October 2015
It will be published in Italian by the Bruno Leoni Institute.
BrunoLeoniSpeechPublished by Group of Thirty – Washington, D.C. October 2015. The study was led by a Steering Committee comprised of Jacob Frankel (Chairman), Arminio Fraga and Axel Weber, and was supported by a Working Group of 16 members of the G30, including its Chairman, Jean-Claude Trichet. William White was the director of this project and the draftsman of this G30 document.
CentralBankingWilliam White – Working Paper No.250 – Federal Reserve Bank of Dallas – Globalization and Monetary Policy Institute – September 2015. Subsequently published as a Chapter in “The Political Economy of the Eurozone” Edited by A Cardinale, D’Maris Coffman and R Scazzieri. Cambridge University Press, 2017
The current belief system that says “all will be well” if domestic price stability can be maintained is fundamentally flawed. If this can be achieved only through monetary, credit and debt expansion, the end result will be an increased risk of systemic crisis.
WP 250 final