{"product_id":"finishing-the-inflation-job-and-new-challenges-for-monetary-policy-hardcover","title":"Finishing the Inflation Job and New Challenges for Monetary Policy - Hardcover","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eMichael D. Bordo\u003c\/b\u003e (Editor), \u003cb\u003eJohn H. Cochrane\u003c\/b\u003e (Editor), \u003cb\u003eJohn B. Taylor\u003c\/b\u003e (Editor)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003e Target 2%: Easing Inflation in an Uncertain World\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003eHow should the Fed finish the inflation-reduction job and prepare for the changing world ahead, addressing challenges of tariffs, supply chain \"shocks,\" and changes in the status of the dollar and the nature of international cooperation? \u003cem\u003eFinishing the Inflation Job and New Challenges in Monetary Policy\u003c\/em\u003e collects essays and discussions from the annual Hoover Institution Monetary Policy Conference, held on May 9, 2025, exploring these themes and considering other big-picture issues that affect monetary policy in this volatile international environment.\u003c\/p\u003e \u003cp\u003eEach year, the conference brings together academics, policymakers, media members, and others to consider the issues affecting monetary policy, both in the United States and worldwide. In her welcoming remarks to the conference, Hoover Director Condoleezza Rice sets the tone, stating that the United States is \"experiencing an avalanche of uncertainty,\" with everything about the international order in question, including the United States' role in it.\u003c\/p\u003e \u003cp\u003eWith inflation still stubbornly above the Federal Reserve's 2% target at the time of the conference, how to finish the inflation-reduction job was a natural point of focus. But contributors also explore in depth many other challenges and questions on monetary policy that lie ahead: How should central banks counter a new surge of inflation, should one arise? What lessons should we take from the 2021-22 inflationary episode? Are tariffs the next supply shock? How should central banks adapt their formal strategies, constructed in an era of zero-interest rates and low inflation? How should financial regulation adapt to the uncertainties of geopolitics and the big technological innovations going on around us?\u003c\/p\u003e \u003cp\u003eThis year's conference included a celebration of the life and career of John B. Taylor. Many essays convey this spirit of homage, noting the influence of Taylor and the Taylor rule on policymaking. Among its eight sections, the book proceeds by exploring current issues in finance and the financial regulation of cryptocurrency, the growing role of private credit, and how the history of the price stability objective reverberates in the present day. Monetary policy must adapt to this very new world.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eMichael D. Bordo\u003c\/strong\u003e is the Duncan Stewart Distinguished Visiting Fellow at the Hoover Institution; and a Board of Governors Professor of Economics and director of the Center for Monetary and Financial History at Rutgers University.\u003c\/p\u003e \u003cp\u003e\u003cstrong\u003eJohn H. Cochrane\u003c\/strong\u003e is the Rose-Marie and Jack Anderson Senior Fellow at the Hoover Institution, a research associate of the National Bureau of Economic Research, and an adjunct scholar of the Cato Institute.\u003c\/p\u003e \u003cp\u003e\u003cstrong\u003eJohn B. Taylor\u003c\/strong\u003e is the George P. Shultz Senior Fellow in Economics at the Hoover Institution; and the Mary and Robert Raymond Professor of Economics and director of the Introductory Economics Center at Stanford University\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 432\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.26 x 8.76 x 5.75 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e April 15, 2026\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":52256421773586,"sku":"9780817927141","price":21.55,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0941\/2211\/5346\/files\/UQ_e-BEgRM9780817927141.webp?v=1778345632","url":"https:\/\/ckbookstore.net\/products\/finishing-the-inflation-job-and-new-challenges-for-monetary-policy-hardcover","provider":"CK BOOKSTORE","version":"1.0","type":"link"}