Publications

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.

CIGI – Hertie School Workshop
“10 Years Since the Global Financial Crisis: Lessons learned, Opportunities Missed”
Berlin, Germany
31 May 2017

The G20’s Reform of Banking Regulation and the Changing Nature of the Global Financial System

BOE-HKMA-MF  Conference on Monetary Financial and Prudential Policy Interactions in the Post-Crisis World

William White was awarded the Adam Smith prize on 11 September, the highest prize of the US National Association of Business Economists. The paper underlying his remarks at the ceremony has been  published in Business Economics

Adam Smith Prize Lecture – National Association of Business Economists – Atlanta, Georgia – 11 September 2016

William 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.pdf

Presentation by William White at the  2nd Annual IMF Financial Stability and Systemic Risk Forum  ‘Capital Flows and Macroprudential Policies’

at the IMF Headquarters, Washington DC on 14 March 2014

IMFSummaryDoc2014.pdf

Article from Bill White published in the ‘School of Public Policy – SPP Research papers – University of Calgary – Volume 6  Issue 33, OCTOBER 2013

w-white-prudential-final.pdf

William White – Working Paper No.155 – Federal Reserve Bank of Dallas – Globalization and Monetary Policy Institute – September 2013

WP 155 final version.pdf

Working Paper no 126 – Federal Reserve Bank of Dallas   Globalization and Monetary Policy Institute

UltraeasymonetarypolicyV5.pdf