We need to increase the transparency of shadow banking markets so that authorities can monitor for signs of excessive leverage and unstable maturity transformation outside regulated banks. Janet Yellen authoritybankexcessive Change image and share on social
I am anxious to fix welfare. There has to be more training and child care. Janet Yellen anxiouscarechild Change image and share on social
My bottom line is that monetary policy should react to rising prices for houses or other assets only insofar as they affect the central bank's goal variables - output, employment, and inflation. Janet Yellen affectassetbank Change image and share on social
Although most Americans apparently loathe inflation, Yale economists have argued that a little inflation may be necessary to grease the wheels of the labor market and enable efficiency-enhancing changes in relative pay to occur without requiring nominal wage cuts by workers. Janet Yellen americanapparentlyargue share on social
While admirers of capitalism, we also to a certain extent believe it has limitations that require government intervention in markets to make them work. Janet Yellen admirercapitalismextent Change image and share on social
Productivity depends on many factors, including our workforce's knowledge and skills and the quantity and quality of the capital, technology, and infrastructure that they have to work with. Janet Yellen capitaldependfactor Change image and share on social
Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not. Do policy makers have the knowledge and ability to improve macroeconomic outcomes rather than make matters worse? Yes. Janet Yellen abilityabsencebadly share on social
One common way of judging whether housing's price is in line with its fundamental value is to consider the ratio of housing prices to rents. This is analogous to the ratio of prices to dividends for stocks. Janet Yellen analogouscommondividend share on social
Stores don't order merchandise unless they think they can sell it right away. Manufacturers and builders don't produce unless they have buyers lined up. My business contacts describe this as a paradigm shift and they believe it's permanent. Janet Yellen builderbusinessbuyer share on social
