“The Natural Rate of Interest, Financial Crises and the Zero Lower Bound,” presented by Robert E. Hall, Stanford UniversityProfessor Hall has presented on these issues before. Here's a link to a 2011 paper, "The Long Slump," in which he starts thinking about the interest rate as a key mediating factor. Professor Hall has extended this framework to the ZLB in some recent slide presentations.
Discussant: Hyun Song Shin, professor, Princeton University (my economist Doppelgänger?)
Thursday, August 22, 2013
A Preview from Jackson Hole
The Kansas City Fed's Jackson Hole Conference kicks off its working sessions tomorrow with this item,