St. Louis Fed: James Bullard - President and Chief Executive Officer

Keeping Track of the Financial Crisis

James Bullard speaks on the origins of the financial crisis:
- "What Challenges Do We Face for Regulatory Reform?" June 15, 2009. Video | Transcript
- "Did the Fed Leave Interest Rates Too Low for Too Long?" June 11, 2009. Video | Transcript
- "What Happened?" June 9, 2009. Video | Transcript
Raghuram G. Rajan Speaks at 2009 Homer Jones Lecture, April 15, 2009.
The Financial Crisis — A Timeline of Events and Policy Actions
Tracking the Global Recession
"More Money: Understanding Recent Changes in the Monetary Base" by William T. Gavin, Federal Reserve Bank of St. Louis Review, March/April 2009.
More Resources

Recent Speeches and Presentations

June 30, 2009. Speech. "Exit Strategies for the Federal Reserve." Delivered at the Federal Reserve Bank of Philadelphia, organized by the Global Interdependence Center.
Jim Bullard speaks on exit strategies for the Federal Reserve: Video | Transcript | Press Release.
Related news articles: "Explaining the FOMC," by Jon Hilsenrath, The Wall Street Journal, Real Time Economics, June 30, 2009. "Bullard Says Fed Can't Be Seen as Losing Independence," by Romy Varghese, The Wall Street Journal, Real Time Economics, June 30, 2009. "Fed's Bullard says must shield Fed independence," by Alister Bull, Reuters, June 30, 2009.
June 19, 2009. Presentation. "Regulatory Reform After the Fall of Wall Street." Presented at the Financial Regulation Reform Collaborative Conference, Washington D.C.
May 12, 2009. Presentation. "Financial Market Turmoil and Recession: What's Next." Organized by the College of Arts and Sciences, Indiana University Bloomington. Remarks by Eric Leeper: "The Fiscal Policy Response."
May 1, 2009. Speech. "The U.S. Financial System and Macroeconomic Performance." Delivered at the 119th Annual Arkansas Bankers Association & Tradeshow, Day with the Commissioner, Hot Springs, AR. Press release.
Related news articles: "I'm from Missouri; show me why big banks shouldn’t fail," by David Nicklaus, stltoday.com, May 5, 2009. "Fed's Bullard: Optimistic Economy Will Grow In 2H 2009," The Wall Street Journal, May 1, 2009.
March 31, 2009. Presentation. "Discussion of Ellison and Sargent: What Questions are Staff and FOMC Forecasts Supposed to Answer?" Presented at the 10th EABCN Workshop on Uncertainty over the Business Cycle, European Central Bank, Frankfurt. Remarks by Thomas Sargent: "Truth and Probability." Martin Ellison's webpage.
March 31, 2009. Presentation. "Panel Discussion: Dating Business Cycles" with Lucrezia Reichlin and Bob Hall. Presented at the 10th EABCN Workshop on Uncertainty over the Business Cycle, European Central Bank, Frankfurt.
March 24, 2009. Speech. "Effective Monetary Policy in a Low Interest Rate Environment." Delivered at the The Henry Thornton Lecture, Cass Business School, London.
Related news articles: "Fed's Bullard: Crisis Shows Need For Fed To Clarify Policy," The Wall Street Journal, March 24, 2009. "US FED: Bullard -- Fed Should Expand Persistent Parts Of Monetary Base," Forbes, March 24, 2009.
March 20, 2009. Presentation. "Monetary Policy in a Global Recession." Presented at the Monetary Policy in the Current Crisis International Workshop, organized by the Banque de France, Aix-Marseille University, and Toulouse School of Economics.
Related news articles: "Fed's Bullard: Deflation Is 'Real Risk' In Current Econ," By Michael S. Derby, The Wall Street Journal, March 20, 2009. "Bernanke says Fed has exit strategy from credit policy," By Alister Bull, Reuters, March 20, 2009. "Fed's Bullard Says Deflation Is a 'Real Possibility'," By Steve Matthews, Bloomberg.com, March 20, 2009.
More Speeches and Presentations

Recent Media Interviews

June 15, 2009. "Fed's Bullard on the Economy," Interview with Steve Liesman, cnbc.com.
More Media

Events

"Exit Strategies for the Federal Reserve," at the Federal Reserve Bank of Philadelphia, organized by the Global Interdependence Center, June 30, 2009.
10th Euro Area Business Cycle Network (EABCN) Workshop on Uncertainty over the Business Cycle, Frankfurt, March 30-31, 2009.
New York Association for Business Economics (NYABE)
2009 U.S. Monetary Policy Forum, sponsored by the Initiative on Global Markets, University of Chicago Graduate School of Business, New York, N.Y., February 27, 2009.
Century Club Business Series, Olin Business School, Washington University in St. Louis, December 4, 2008.
33rd Annual Economic Policy Conference Projecting Potential Growth: Issues and Measurement, sponsored by the Federal Reserve Bank of St. Louis, October 16-17, 2008.
Conference on Learning and Macroeconomic Policy, organized by the Centre for International Macroeconomics and Finance and the Faculty of Economics of the University of Cambridge, September 12-13, 2008.
2008 Jackson Hole Economic Symposium: Maintaining Stability in a Changing Financial System, organized by the Federal Reserve Bank of Kansas City, August 21-23, 2008.
The Future Role of Central Banking Policy: Urgent and Precedent-Setting Next Steps Policy Workshop, sponsored by The Global Markets Working Group, Hoover Institution; The Rock Center on Corporate Governance, Stanford Law School; and Stanford Graduate School of Business, July 22, 2008.
Conference on Money, Credit, and Policy, sponsored by the Center for Dynamic Economics, Washington University in St. Louis and The Federal Reserve Bank of St. Louis, May 23-24, 2008.
St. Louis Area Seminars
Learning Week Conferences
More Events

Recent Research Papers

"Monetary Policy, Determinacy, and Learnability in a Two-Block World Economy," with Eric Schaling, forthcoming, Journal of Money, Credit and Banking. Working Paper Version (PDF 472K).
"When Does Determinacy Imply Expectational Stability?," February 2008, Revised January 2009, with Stefano Eusepi, Federal Reserve Bank of St. Louis Working Paper 2008-007B, Abstract | Full Text (PDF 266K).
"The Stability of Macroeconomic Systems with Bayesian Learners" November 2008, with Jacek Suda, Federal Reserve Bank of St. Louis Working Paper 2008-043A, Abstract | Full Text (PDF 277K).
"Worldwide Macroeconomic Stability and Monetary Policy Rules," with Aarti Singh, Journal of Monetary Economics, October 2008, 55(Supplement 1), pp. S34-S47. Contributions to Macroeconomics in Honor of John Taylor - Supplement issue sponsored by the Federal Reserve Bank of Dallas, containing selected papers from an October 12-13, 2007 conference honoring John Taylor. Working Paper Version (PDF 520K).
"Monetary Policy, Judgment and Near-Rational Exuberance," with George W. Evans and Seppo Honkapohja, American Economic Review, June 2008, 98(3), pp. 1163-77. Working Paper Version (PDF 468K).
"A Model of Near-Rational Exuberance," March 2007, Revised January 2008, with George W. Evans and Seppo Honkapohja, Federal Reserve Bank of St. Louis Working Paper 2007-009B, Abstract | Full Text (PDF 439K).
"A Leisurely Reading of the Life Cycle Consumption Data," with James Feigenbaum, Journal of Monetary Economics, November 2007, 54(8), pp. 2305-20. Working Paper Version (PDF 510K).
"The Optimal Inflation Target in an Economy with Limited Enforcement," September 2007, Revised November 2007, with Gaetano Antinolfi and Costas Azariadis, Federal Reserve Bank of St. Louis Working Paper 2007-037B, Abstract | Full Text (PDF 338K).
"Determinacy, Learnability, and Monetary Policy Inertia," with Kaushik Mitra, Journal of Money, Credit and Banking, August 2007, 39(5), pp. 1177-212. Download Mathematica programs: Lagmsv.pdf, Forwardmsv.pdf, Lagestability.pdf, and Forwardestability.pdf. Working Paper Version (PDF 486K).
"Learning and the Great Moderation," June 2007, Revised March 2009, with Aarti Singh, Federal Reserve Bank of St. Louis Working Paper 2007-027B, Abstract | Full Text (PDF 299K).
"Social Learning and Monetary Policy Rules," March 2007, with Jasmina Arifovic and Olena Kostyshyna, Federal Reserve Bank of St. Louis Working Paper 2007-007A, Abstract | Full Text (PDF 333K).
"Learning and Structural Change in Macroeconomic Data," August 2004, with J. Duffy, Federal Reserve Bank of St. Louis Working Paper 2004-016A, Abstract | Full Text (PDF 396K).
More Papers

Recent Review Articles

"President's Welcome: Projecting Potential Growth: Issues and Measurements — The 33rd Annual Economic Policy Conference" Federal Reserve Bank of St. Louis Review, July/August 2009, 91(4), pp. 179-80.
"Panel Discussion: The Role of Potential Output in Policymaking" Federal Reserve Bank of St. Louis Review, July/August 2009, 91(4), pp. 389-95.
"Three Funerals and a Wedding" Federal Reserve Bank of St. Louis Review, January/February 2009, 91(1), pp. 1-12.
"Monetary Policy as Equilibrium Selection" with Gaetano Antinolfi and Costas Azariadis, Federal Reserve Bank of St. Louis Review, July/August 2007, 89(4), pp. 331-41.
"The Learnability Criterion and Monetary Policy," Federal Reserve Bank of St. Louis Review, May/June 2006, 88(3), pp. 203-17.
More Review Articles

Commentary

"A Two-Headed Dragon for Monetary Policy," National Association for Business Economics Business Economics, 2009, 44(2), pp. 73-79.
"Fed's Bold Actions Harken Back to Volcker Era," Federal Reserve Bank of St. Louis The Regional Economist, April 2009.
"The Fed as Lender of Last Resort," Federal Reserve Bank of St. Louis The Regional Economist, January 2009.
"St. Louis Fed's Approach to Monetary Policy Won't Change," Federal Reserve Bank of St. Louis The Regional Economist, July 2008.
"New President Bullard Bullish on Economics," Federal Reserve Bank of St. Louis Central Banker, Summer 2008.
Past Commentary

Economic Resources

Teaching

James Bullard

Media requests:

Executive Assistant
to the President:

Special Research Assistant
to the President:

Biographical

James Bullard

Media requests:

Executive Assistantto the President:

Special Research Assistantto the President:

Biographical

Executive Assistant
to the President:

Special Research Assistant
to the President: