U.S. Monetary Policy: Slowly Moving Toward the Exit in an Interconnected Global Economy

U.S. Monetary Policy: Slowly Moving Toward the Exit in an Interconnected Global Economy

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U.S. Monetary Policy: Slowly Moving Toward the Exit in an Interconnected Global Economy

This keynote address by Donald Kohn, delivered at a joint Bank of Thailand-IMF conference, provides a strategic analysis of the Federal Reserve's complex exit from unconventional monetary policies (UMP) following the Great Recession. Kohn identifies the global interconnectedness of the U.S.

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