6: The Great Escape? Evaluating the Fed’s non-standard policies

Marco Del Negro interviewed by Romesh Vaitilingam, 28 January 2011Marco Del Negro of the Federal Reserve Bank of New York talks to Romesh Vaitilingam about his research with Gauti Eggertsson, Andrea Ferrero and Nobuhiro Kiyotaki on the macroeconomic impact of the Fed’s non-standard monetary policies. Their simulations suggest that these policy interventions were effective in stabilising the economy, to the point that they might have prevented a repeat of the Great Depression in 2008-09. The interview, which was recorded at the annual congress of the European Economic Association in Glasgow in August 2010, represents Marco Del Negro’s personal views.