{"id":17719,"date":"2014-06-14T03:35:10","date_gmt":"2014-06-14T01:35:10","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=17719"},"modified":"2014-06-14T03:35:10","modified_gmt":"2014-06-14T01:35:10","slug":"the-us-feds-role-in-the-economy","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/the-us-feds-role-in-the-economy\/","title":{"rendered":"The US Fed’s Role in the Economy"},"content":{"rendered":"

Barry Eichengreen argues<\/a>: \u00a0Central banks should focus on developing more effective macro-prudential instruments. They should widen the regulatory perimeter \u2013 that is, they should work to bring nonbank financial institutions under their regulatory umbrella. They should use the resulting instruments and powers preemptively. And they should adjust monetary policy to address potential financial risks as a last resort, not as their first line of defense.<\/p>\n

\"The<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Barry Eichengreen argues: \u00a0Central banks should focus on developing more effective macro-prudential instruments. They should widen the regulatory perimeter \u2013 that is, they should work to bring nonbank financial institutions under their regulatory umbrella. They should use the resulting instruments … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[70,13],"tags":[],"class_list":["post-17719","post","type-post","status-publish","format-standard","hentry","category-big-banks","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t