Growth in U.S. real imports slowed to about 3 percent in 2006, in part reflecting a drop in real terms in imports of crude oil and petroleum products. Ben Bernanke crudedropgrowth Change image and share on social
Monetary policy has less room to maneuver when interest rates are close to zero, while expansionary fiscal policy is likely both more effective and less costly in terms of increased debt burden when interest rates are pinned at low levels. Ben Bernanke burdenclosecostly share on social
The failure of Lehman Brothers demonstrated that liquidity provision by the Federal Reserve would not be sufficient to stop the crisis; substantial fiscal resources were necessary. Ben Bernanke brothercrisisdemonstrate Change image and share on social
I generally leave the details of fiscal programs to the Administration and Congress. That's really their area of authority and responsibility, and I don't think it's appropriate for me to second guess. Ben Bernanke administrationareaauthority share on social
Evolving technologies that allow economists to gather new types of data and to manipulate millions of data points are just one factor among several that are likely to transform the field in coming years. Ben Bernanke comedatumeconomist share on social
Clear communication is always important in central banking, but it can be especially important when economic conditions call for further policy stimulus but the policy rate is already at its effective lower bound. Ben Bernanke bankbindcall share on social
Most of the policies that support robust economic growth in the long run are outside the province of the central bank. Ben Bernanke bankcentraleconomic Change image and share on social
One would be forgiven for concluding that the assumed benefits of financial innovation are not all they were cracked up to be. Ben Bernanke assumebenefitconclude Change image and share on social
Economics has many substantive areas of knowledge where there is agreement, but also contains areas of controversy. That's inescapable. Ben Bernanke agreementareacontroversy Change image and share on social