[PDF][PDF] Monetary policy and the slow recovery: It's not just about housing

JC Williams - Presentation to the SPUR Business Breakfast Series …, 2012 - Citeseer
Thank you. It'sa particular pleasure to be with you this morning. We live in a rapidly changing
and ever-more-competitive global economy. It's vital that every region understand and …

[PDF][PDF] Discussion of “Housing, Monetary Policy, and the Recovery”

JC Williams - Federal Reserve Bank of San Francisco Speech, 2012 - researchgate.net
10 Even conceptually, this concern doesn't entirely vitiate the “do-more” conclusion.
Suppose the central bank's loss function is in terms of a weighted average of squared gaps …