Public Policy Workshop

Optimal Monetary Policy at the Zero Lower Bound

Invited by Institute of Economics, Academia Sinica (IEAS) and National Taiwan University (NTU), President James Bullard, the President and CEO of the Federal Reserve Bank of St. Louis visited IEAS to give a speech on May 20, 2016. The topic of the speech was “Optimal Monetary Policy at the Zero Lower Bound”. In his speech President Bullard analyzed how to maintain the mechanism of credit market through optimal monetary policies when the interest rate is close to the zero lower bound, and achieve the goal of steady economic growth. President Cheng-Hsiung Chiu of the Bank SinoPac was invited as the moderator, and President Chung-Shu Wu (Chung-Hua Institution for Economic Research) and Dr. Been-Lon Chen (IEAS) were invited as discussants to share their point of view about monetary policies at the zero lower bound.