Christina Romer

This talk focuses on the lessons learned for monetary policy from the recent crisis and possible strategies for monetary policy going forward. It covers such topics as the difficulties of expectations management, the role of monetary policy in ensuring financial stability, and the interaction of monetary and fiscal policy. Though much of the content focuses on what has happened with American monetary policy and what we can expect in the future, Romer discusses recent developments in Europe, Japan and the United Kingdom. It also touches on the delicate issue of the repercussions of American monetary policy for emerging economies.