Política monetária

Monetary policy Making better institutions, in America and Europe LAST Thursday, your correspondent attended the Cato Institute’s 30th annual Monetary Conference. A previous post covered the first portion of the conference, which was about understanding the causes of the crisis and how to (or whether we should) prevent future crises. This post will cover the remainder of the conference, which concentrated on current events in the United States and the euro zone. The underlying theme was how to create institutions based on transparent rules rather than the whims of individual policymakers—a noble goal difficult to execute in practice when there is so little agreement on what the rules should be. Mais