Experience Stern | News & Events

Excerpt from The New York Times -- "Peter Blair Henry, the dean of the Stern School of Business at New York University, asked a panel of central bankers whether they were doing enough to explain the limits of their own powers, to focus the public on the importance of fiscal policy. 'Everyone is sort of waiting for the next pronouncement about monetary policy when that’s really not the central issue,' Mr. Henry, an expert on international development, said in an interview. 'I think it’s important to communicate the limitations of what central bank policies can actually do to drive long-run growth. Central banks have done a real good job restoring stability, and we’re at a point now where most of what needs to happen, needs to happen through structural reform.'"

Read more