Publications

There is much debate among policymakers and economists about the timing a desir- ability of an early reduction in current large government deficits. One the one hand, many believe that an early fiscal tightening is inappropriate given the fragile nature of the global economic recovery. On the other hand, other believe that fiscal imbal- ances are so large that failure to tackle them now risks triggering another financial crisis. In this month

1001BCA oct 2010_3.pdf

“Where to from here?” Remarks by William White at a symposium sponsored by the Federal Reserve Bank of Chicago, 23 September 2010

Sept_24_2010_FRBCPanelonRegulatory Reform.pdf

Symposium sponsored by the Federal Reserve  Bank of Kansas City, Jackson Hole Wyoming, August 2010

Aug_2010_Comments on After the Fall atJH.pdf

By Scott Lanman and Simon Kennedy

Publication:  Bloomberg Date:  22 August 2010 23Aug2010_Bernanke Must Raise Benchmark 2 Points in Latest Rajan Warning.pdf

Prepared for the First International Research Conference  on  ‘Challenges to Central Banks in the Context of the Financial Crisis’ – sponsored by the Reserve Bank of India, Mumbai 11 13 February 2010

~0213_ResBankInddoc.pdf

Comments by William White on William Poole’s session prepared for the First International Research Conference, “Challenges to Central Banks in the context of the Financial Crisis” sponsored by the Reserve Bank of India , February 2010)

While the title of this session implies a focus on crisis management, the author has complemented such considerations with a number of comments on crisis prevention. I will indulge myself by doing the same.

020310_CommentsonPoole.pdf

Comments on Stephen Roach’s  paper in Session III, First International Research Conference organised by the Reserve Bank of India, during February 12, 13 2010 –  Mumbai

The global economy  is in a big mess and, even though the analytical models do not show it, it is becoming increasingly accepted that excessive credit growth was somehow at the heart of this whole thing. The question now is what are we going to do to avoid such problems in the future?

RBI_Comments_Roach_200810.pdf

y Daan Killemaes;

Publication:  Trends / Trends Date:  26 November 2009 261109_Daan Killemaes-Trends.pdf

Globalisation and Monetary Policy Institute, Working Paper no 34 Federal Reserve Bank of Dallas 2009

It has been contended by many in the central banking community that monetary policy would not be effective in “leaning” against the upswing of a credit cycle (the boom) but that lower interest rates would be effective in “cleaning” up (the bust) afterwards.

0809_Leanorclean Dallas.pdf

Jahrelang hat William White die Politik des billigen Geldes kritisiert – ohne gehört zu werden. In der Krise wollen nun viele Regierungen seinen Rat.

Publication:  YWirtschaft Date:  26 July 2009 250709_NZZ_white_1[1].pdf