Firefighters and Arsonists: Monetary Policy and the History of Recession | Hoover Institution

Central banking independence meets recession history, focusing on risks and tradeoffs policymakers face.

RecessionsPanelcentral bank independencefinancial stabilityhistorical evidencehoover institution style central banking debateinflation dynamicsmonetary policy credibilityMichael BordoTyler Goodspeed

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• Hoover Institution · 2026-06-01

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