Miran: Regulations, the Supply Side, and Monetary Policy

From federalreserve.gov

Thank you, Madame Ambassador, for the introduction and the opportunity to speak today. My topic is the implications of deregulation for monetary policy, an appropriate one for this setting.1 Greece's recovery from the crisis that began in 2009 was only possible after the Greek people implemented substantial and painful reforms, including alleviating suffocating over-regulation in many sectors. In addition to the other reforms embraced by Greece, deregulation freed businesses to compete domestically and internationally, and promoted individuals' access to the economy. The range of reforms has included liberalizing ... (full story)