Liberty Street Economics: The Credibility of Government Policies: Conference in Honor of Guillermo Calvo

F E D E R A L   R E S E R V E   B A N K   o f   N E W  Y O R K LIBERTY STREET ECONOMICS   The Credibility of Government Policies: Conference in Honor of Guillermo Calvo    Andy Neumeyer, Paolo Pesenti, and Martín Uribe    Guillermo Calvo was a leading member of a group of economists who revolutionized macroeconomics by modeling how incentives and the anticipation of future policies affect aggregate outcomes. In celebration of the 45th anniversary of the publication of his 1978 paper "On the Time Consistency of Optimal Policy in a Monetary Economy," a conference was held at the Federal Reserve Bank of New York and at Columbia University earlier this year. This post details the proceedings of the conference.     READ MORE

 

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