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The New Stone Soup

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  • Mary C. Daly

Abstract

Countries around the globe face slow growth, low real interest rates, and persistently low inflation. This makes economies less resilient and less able to offset everyday shocks with traditional tools. Policymakers must actively look for outside perspectives and be courageous enough to take action in times of uncertainty. The following is adapted from a speech by the president and CEO of the Federal Reserve Bank of San Francisco delivered as part of the Iveagh House Lectures at the Irish Department of Foreign Affairs and Trade in Dublin on February 10.

Suggested Citation

  • Mary C. Daly, 2020. "The New Stone Soup," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2020(04), pages 1-07, February.
    • Handle: RePEc:fip:fedfel:89051
    Note: Adapted from a speech by the president and CEO of the Federal Reserve Bank of San Francisco delivered as part of the Iveagh House Lectures at the Irish Department of Foreign Affairs and Trade in Dublin on February 10.
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