View allAll Photos Tagged MonetaryPolicy
The ECB held its Forum on Central Banking on 28-29 September, 2021 in Frankfurt am Main, Germany.
Photo by Sanziana Perju / ECB
Collection: Cornell University Collection of Political Americana, Cornell University Library
Repository: Susan H. Douglas Political Americana Collection, #2214 Rare & Manuscript Collections, Cornell University Library, Cornell University
Title: Bryan "The People's Money" Portrait Glass Mug with Lid, ca. 1896
Political Party: Democratic
Election Year: 1896
Date Made: ca. 1896
Measurement: Mug (height, with lid): 5.25 in.; 13.335 cm
Classification: Decorative Arts
Persistent URI: http://hdl.handle.net/1813.001/5z8b
There are no known U.S. copyright restrictions on this image. The digital file is owned by the Cornell University Library which is making it freely available with the request that, when possible, the Library be credited as its source.
Collection: Cornell University Collection of Political Americana, Cornell University Library
Repository: Susan H. Douglas Political Americana Collection, #2214 Rare & Manuscript Collections, Cornell University Library, Cornell University
Title: To William Henry Harrison Of Ohio and The Patriot's Songster
Political Party: Democratic
Election Year: 1840
Date Made: ca. 1840-ca. 1864
Measurement: Pamphlet: 6 x 4 in.; 15.24 x 10.16 cm
Classification: Publications
Persistent URI: http://hdl.handle.net/1813.001/5zw9
There are no known U.S. copyright restrictions on this image. The digital file is owned by the Cornell University Library which is making it freely available with the request that, when possible, the Library be credited as its source.
Collection: Cornell University Collection of Political Americana, Cornell University Library
Repository: Susan H. Douglas Political Americana Collection, #2214 Rare & Manuscript Collections, Cornell University Library, Cornell University
Title: "McKinley and Hobart Gold Standard 1896" Ink Well
Political Party: Republican
Election Year: 1896
Date Made: 1896
Measurement: Inkwell (height): 4 in.; 10.16 cm
Classification: Decorative Arts
Persistent URI: http://hdl.handle.net/1813.001/5zgg
There are no known U.S. copyright restrictions on this image. The digital file is owned by the Cornell University Library which is making it freely available with the request that, when possible, the Library be credited as its source.
Collection: Cornell University Collection of Political Americana, Cornell University Library
Repository: Susan H. Douglas Political Americana Collection, #2214 Rare & Manuscript Collections, Cornell University Library, Cornell University
Title: Benjamin Harrison-Morton Campaign Items, ca. 1888
Political Party: Democratic
Election Year: 1888
Date Made: ca. 1888
Measurement: Mount: 8 x 12 in.; 20.32 x 30.48 cm
Classification: Ceramics
Persistent URI: http://hdl.handle.net/1813.001/60tc
There are no known U.S. copyright restrictions on this image. The digital file is owned by the Cornell University Library which is making it freely available with the request that, when possible, the Library be credited as its source.
The ECB held its Forum on Central Banking on 28-29 September, 2021 in Frankfurt am Main, Germany.
Sanziana Perju / ECB
ECB president Christine Lagarde addresses the audience during the ECB Governing Council Press Conference on July 22, 2021.
Sanziana Perju / ECB
Collection: Cornell University Collection of Political Americana, Cornell University Library
Repository: Susan H. Douglas Political Americana Collection, #2214 Rare & Manuscript Collections, Cornell University Library, Cornell University
Title: Bryan "The People's Money" Portrait Glass Mug with Lid, ca. 1896
Political Party: Democratic
Election Year: 1896
Date Made: ca. 1896
Measurement: Mug (height, with lid): 5.25 in.; 13.335 cm
Classification: Decorative Arts
Persistent URI: http://hdl.handle.net/1813.001/5z89
There are no known U.S. copyright restrictions on this image. The digital file is owned by the Cornell University Library which is making it freely available with the request that, when possible, the Library be credited as its source.
How has monetary policy helped in nurturing a sluggish recovery? What expectations should the public have for the role of monetary policy in the future? How do Federal Reserve decision-makers confront or cope with uncertainty when designing and implementing monetary policy? Charles Plosser, former president of the Federal Reserve Bank of Philadelphia and University of Chicago alumnus, offered insights on these questions and more in a candid discussion with Lars Peter Hansen, Becker Friedman Institute director and 2013 Nobel laureate.
Collection: Cornell University Collection of Political Americana, Cornell University Library
Repository: Susan H. Douglas Political Americana Collection, #2214 Rare & Manuscript Collections, Cornell University Library, Cornell University
Title: Hobart "Protection, Sound Money, Prosperity" Revolving Fan, ca. 1896
Political Party: Republican
Election Year: 1896
Date Made: ca. 1896
Measurement: Fan: 16 1/4 x 9 in.; 41.275 x 22.86 cm
Classification: Decorative Arts
Persistent URI: http://hdl.handle.net/1813.001/5zkp
There are no known U.S. copyright restrictions on this image. The digital file is owned by the Cornell University Library which is making it freely available with the request that, when possible, the Library be credited as its source.
Collection: Cornell University Collection of Political Americana, Cornell University Library
Repository: Susan H. Douglas Political Americana Collection, #2214 Rare & Manuscript Collections, Cornell University Library, Cornell University
Title: Bryan Campaign Items, ca. 1896-1908
Political Party: Democratic
Date Made: ca. 1896-1908
Measurement: Mount: 6 5/8 x 8 5/8 in.; 16.8275 x 21.9075 cm
Classification: Metalwork
Persistent URI: http://hdl.handle.net/1813.001/60v2
There are no known U.S. copyright restrictions on this image. The digital file is owned by the Cornell University Library which is making it freely available with the request that, when possible, the Library be credited as its source.
How has monetary policy helped in nurturing a sluggish recovery? What expectations should the public have for the role of monetary policy in the future? How do Federal Reserve decision-makers confront or cope with uncertainty when designing and implementing monetary policy? Charles Plosser, former president of the Federal Reserve Bank of Philadelphia and University of Chicago alumnus, offered insights on these questions and more in a candid discussion with Lars Peter Hansen, Becker Friedman Institute director and 2013 Nobel laureate.
Collection: Cornell University Collection of Political Americana, Cornell University Library
Repository: Susan H. Douglas Political Americana Collection, #2214 Rare & Manuscript Collections, Cornell University Library, Cornell University
Title: Bryan-Sewall "Sixteen To One" Portrait Drinking Glass, ca. 1896
Political Party: Democratic
Election Year: 1896
Date Made: ca. 1896
Measurement: Glass (height): 3 3/4 in.; 9.525 cm
Classification: Decorative Arts
Persistent URI: http://hdl.handle.net/1813.001/5z8c
There are no known U.S. copyright restrictions on this image. The digital file is owned by the Cornell University Library which is making it freely available with the request that, when possible, the Library be credited as its source.
The ECB held its Forum on Central Banking on 28-29 September, 2021 in Frankfurt am Main, Germany.
Photo by Andrej Hanzekovic / ECB
ECB President Mario Draghi and Vice-President Luis de Guindos explain the Governing Council's monetary policy decisions and answer questions from journalists at the Governing Council press conference held on 24 January 2019.
Photo by Angela Morant
Appropriate credit: "© Angela Morant/ European Central Bank 2019"
The ECB held is Forum on Central Banking on 28-29 September, 2021 in Frankfurt am Main, Germany.
Photo by Andrej Hanzekovic / ECB
The ECB held its Forum on Central Banking on 28-29 September, 2021 in Frankfurt am Main, Germany.
Photo by Sanziana Perju / ECB
The ECB held its Forum on Central Banking on 28-29 September, 2021 in Frankfurt am Main, Germany.
Photo by Sanziana Perju / ECB
Collection: Cornell University Collection of Political Americana, Cornell University Library
Repository: Susan H. Douglas Political Americana Collection, #2214 Rare & Manuscript Collections, Cornell University Library, Cornell University
Title: Bryan Campaign Items, ca. 1896-1908
Political Party: Democratic
Date Made: ca. 1896-1908
Measurement: Mount: 6 5/8 x 8 5/8 in.; 16.8275 x 21.9075 cm
Classification: Metalwork
Persistent URI: http://hdl.handle.net/1813.001/60v3
There are no known U.S. copyright restrictions on this image. The digital file is owned by the Cornell University Library which is making it freely available with the request that, when possible, the Library be credited as its source.
January 14, 2013
2013 Policy Talks @ the Ford School: A conversation with Federal Reserve Chairman Ben Bernanke. Chairman Bernanke visited the University of Michigan for a conversation with Ford School Dean Susan M. Collins on monetary policy, recovery from the global financial crisis, and long-term challenges facing the U.S. economy.
ECB President Mario Draghi and Vice-President Luis de Guindos explain the Governing Council's monetary policy decisions and answer questions from journalists at the Governing Council press conference held on 24 January 2019.
Photo by Giulia Carbonaro
Appropriate credit: "© Giulia Carbonaro/ European Central Bank 2019"
The ECB held its governing council press conference in Frankfurt, Germany on the 9th of September, 2021.
Photo by Andrej Hanzekovic / ECB
The ECB held is Forum on Central Banking on 28-29 September, 2021 in Frankfurt am Main, Germany.
Photo by Andrej Hanzekovic / ECB
A wry critique of neocon economics by a Keynesian economist writing in 1992. Recommended by the Archdruid Report, a blog focused on the coming collapse due to peak oil and high financial overhead. This book is quite helpful in laying out what ails us. We the voting majority are very happy with how things are, thank-you very much and we wouldn't want to vote in anything painful like higher taxes or anything that would benefit someone else or some future generation which would cut into our comfort now. But we didn't ever question more money for the military because communism was a big threat to the culture of contentment or at least a big threat to those wanting more marketshare. The rest went along because of the fear mongering about how the communist were all about oppression and loss of personal liberty. And psychologically, he comments, you can't just be happy without threat of unhappiness because that would just be perceived as "a careless evasion of reality". (This says a mouthful, but it fits. Since Americans consider death to be optional, there has to be some other threat thus the right of every American to have enemies.) We are also generous about bailing out large private institutions like banks and big companies to protect the investments of the contented. The only difference between this voting public and any other society was that the contented had become the majority.
To shore up this culture of contentment it was necessary to make this majority feel good about being wealthy and make sure those not so wealthy are not alienated from the concerns of their betters. Both also had to be relieved of their guilt for the struggles of those less fortunate. Reagan's greatest contribution to neocon policies, he says, was to make the rich feel good about themselves and put the blame on the poor (for not taking advantage of the opportunities of the free market). That explains the shift between the political Marxism of the shabby chic college students of the '70s (my generation) and the sweater sets and pearls of those who followed in the '80s—the Young Republicans. Yuck.
Since the Republicans have been most successful at making the contented feel good the Democrats have been loosing at this game, he says.
The field of economics, he points out, is most untrustworthy for it is easily corrupted to justify certain political agendas and is prone to distancing itself from reality. Lots of worthwhile details here for those wanting to be conversant in economic theory. He describes why current practices of monetary policy are unsound because of the impact of debt. His description of the Savings and Loans debacle as a result of deregulation is easily applied to the recent subprime mortgage debacle. If regulations had been enforced no bailing out of these institutions would have been needed. Duh. He also points out that all the mergers and acquisitions of the '80s created huge debt, undercutting their resiliance in hard times as well as their ability to finance research and development or going bankrupt altogether.
Debt and deficits don't seem to disturb the culture of contentment because the rich make money by lending it so it is not discussed as a bad thing. What does disturb the contented, he says, are depressions and long messy wars. Well we got a long messy war and with the high price of gasoline, this culture of contentment is ripe for discontent (especially since we have a government that is saying 'let them eat ethanol'). This all bodes well for Obama.
The book also served to fill in some gaps in my knowledge. The free market concept, for instance, is just the Laissez Faire philosophy warmed over. This was a successful 18th century attempt by merchants to divert current policy from the equitable redistribution of wealth through taxation. Galbraith points out that this Laissez faire theory believed that people should be paid very minimally in order to motivate them to work; and because people would continue to breed, the market was failsafe—ensured a population of minimally paid slaves. This underclass he says should be offered some concessions for they are a potential for unrest and violence, but since most have come from somewhere worse and have bought into the culture of contentment of the US, this seems less of a threat.
Galbraith does not talk about the prospect of collapse here (he scoffs at predictions), but he does comment a bit on the Russian collapse and how communism was brought down by ideology thus implying the same will happen to us if we cling to the ideology of a free market which was what Orlov was saying. He confirms some points that Orlov brought up about the situation there regarding consumer goods and agriculture and cultural unrest. His main thesis is that a mixed economy strengthens the core of capitalism by balancing the inequities between the citizenry and the market.
I'm inclined to go along with his theory of contentment because I think it's true that most of the population is too comfortable and fail to see very far into the future for fear that it will jinx what they are enjoying now. And most respond to a good story about being a superior nation of great strength and leadership and all that self-congratulatory stuff. People are beginning to worry about the state of the planet though.
Collection: Cornell University Collection of Political Americana, Cornell University Library
Repository: Susan H. Douglas Political Americana Collection, #2214 Rare & Manuscript Collections, Cornell University Library, Cornell University
Title: McKinley "The 'Hurrah' Campaign Procession Badge, ca. 1896
Political Party: Republican
Election Year: 1896
Date Made: ca. 1896
Measurement: Mount: 8 x 12 in.; 20.32 x 30.48 cm
Classification: Metalwork
Persistent URI: http://hdl.handle.net/1813.001/60tt
There are no known U.S. copyright restrictions on this image. The digital file is owned by the Cornell University Library which is making it freely available with the request that, when possible, the Library be credited as its source.
Manuel Ramos-Francia, Deputy Governor, Bank of Mexico; speaks at Unconventional Monetary Policies and their Cross-Country seminar during the IMF-World Bank 2013 Annual meetings in Washington, October 9, 2013. Photo by Yuri Gripas
How has monetary policy helped in nurturing a sluggish recovery? What expectations should the public have for the role of monetary policy in the future? How do Federal Reserve decision-makers confront or cope with uncertainty when designing and implementing monetary policy? Charles Plosser, former president of the Federal Reserve Bank of Philadelphia and University of Chicago alumnus, offered insights on these questions and more in a candid discussion with Lars Peter Hansen, Becker Friedman Institute director and 2013 Nobel laureate.
ECB President Mario Draghi at the Governing Council press conference held on 24 January 2019.
Photo by Giulia Carbonaro
Appropriate credit: "© Giulia Carbonaro/ European Central Bank 2019"
Chairman of the Federal Reserve Ben Bernanke testifies before the House Financial Services Committee (07/16/2008) on monetary policy and the state of the US economy.
Manuel Ramos-Francia, Deputy Governor, Bank of Mexico; speaks at Unconventional Monetary Policies and their Cross-Country seminar during the IMF-World Bank 2013 Annual meetings in Washington, October 9, 2013. Photo by Yuri Gripas
The ECB held its governing council press conference in Frankfurt, Germany on the 9th of September, 2021.
Photo by Sanziana Perju / ECB
The ECB held its Forum on Central Banking on 28-29 September, 2021 in Frankfurt am Main, Germany.
Photo by Andrej Hanzekovic / ECB
The ECB held is Forum on Central Banking on 28-29 September, 2021 in Frankfurt am Main, Germany.
Photo by Sanziana Perju / ECB
Collection: Cornell University Collection of Political Americana, Cornell University Library
Repository: Susan H. Douglas Political Americana Collection, #2214 Rare & Manuscript Collections, Cornell University Library, Cornell University
Title: McKinley-Hobart "Republican Candidates" Ribbon, ca. 1896
Political Party: Republican
Election Year: 1896
Date Made: ca. 1896
Measurement: Ribbon: 6 1/4 x 2 3/8 in.; 15.875 x 6.0325 cm
Classification: Costume
Persistent URI: http://hdl.handle.net/1813.001/60gd
There are no known U.S. copyright restrictions on this image. The digital file is owned by the Cornell University Library which is making it freely available with the request that, when possible, the Library be credited as its source.
The ECB held its Forum on Central Banking on 28-29 September, 2021 in Frankfurt am Main, Germany.
Photo by Sanziana Perju / ECB
The ECB held its governing council press conference in Frankfurt, Germany on the 9th of September, 2021.
Photo by Andrej Hanzekovic / ECB
The ECB held is Forum on Central Banking on 28-29 September, 2021 in Frankfurt am Main, Germany.
Photo by Sanziana Perju / ECB
January 14, 2013
2013 Policy Talks @ the Ford School: A conversation with Federal Reserve Chairman Ben Bernanke. Chairman Bernanke visited the University of Michigan for a conversation with Ford School Dean Susan M. Collins on monetary policy, recovery from the global financial crisis, and long-term challenges facing the U.S. economy.