Calendrier du 13 septembre 2023
Economic History Seminar
Du 13/09/2023 de 12:00 à 13:30
R1-09
JABKO Nicolas ()
the waxing of technocratic neoliberalism
The United States in the 1980s saw the emergence of technocratic neoliberalism. Assertive central bankers adopted monetarist policies that were increasingly popular in the economics profession, while a new breed of politicians embraced neoliberal ideology. Based on an analysis of FOMC transcripts as well as secondary sources, this paper argues that the leadership of the US Federal Reserve was crucial in shaping not only a new monetary regime, but also the broader assemblage of technocratic neoliberalism. The Fed supported an agenda of disinflation, fiscal conservatism, and free markets that would outlive the Fed’s commitment to it.