Dorn – Monetary Policy in an Uncertain World (2018)

A decade after the 2008 financial crisis, the specter of economic turmoil looms once more as the Federal Reserve and other central banks contemplate winding down their unconventional monetary policies through interest rate hikes and balance sheet reductions. This book assembles prominent scholars and former policymakers to glean insights from the decade of unconventional monetary measures deployed to revive the global economy post-crisis. The included articles offer a blend of historical insights and future-oriented perspectives on the Federal Reserve’s exit strategy and monetary normalization. Additionally, the book explores the rationale for adopting a rules-based monetary policy, examining its applicability at both domestic and international levels.