Author

Although most Americans apparently loathe inflation, Yale economists have argued that a little inflation may be necessary to grease the wheels of the labor market and enable efficiency-enhancing changes in relative pay to occur without requiring nominal wage cuts by workers.

From Janet Yellen

We need to increase the transparency of shadow banking markets so that authorities can monitor for signs of excessive leverage and unstable maturity transformation outside regulated banks.

From Janet Yellen

It slightly worries me that when people find a problem, they rush to judgment of what to do.

From Janet Yellen

People stop buying things, and that is how you turn a slowdown into a recession.

From Janet Yellen

Productivity growth, however it occurs, has a disruptive side to it. In the short term, most things that contribute to productivity growth are very painful.

From Janet Yellen

Uncertainty about sales impedes business planning and could harm capital formation just as much as uncertainty about inflation can create uncertainty about relative prices and harm business planning.

From Janet Yellen

While admirers of capitalism, we also to a certain extent believe it has limitations that require government intervention in markets to make them work.

From Janet Yellen

Business students are very oriented to playing a role in the real world and accomplishing something, not training themselves to be scholars and contribute to the literature. Teaching in that kind of environment has focused me much more on the real world, how pieces of the theory I know can be applied to real-world situations.

From Janet Yellen

In government institutions and in teaching, you need to inspire confidence. To achieve credibility, you have to very clearly explain what you are doing and why. The same principles apply to businesses.

From Janet Yellen

One common way of judging whether housing's price is in line with its fundamental value is to consider the ratio of housing prices to rents. This is analogous to the ratio of prices to dividends for stocks.

From Janet Yellen

Janet Yellen

Notable Quotes

Authors with Similar Views

Ben Bernanke

Alex Berenson

Raghuram Rajan

James Surowiecki

John W. Snow

Authors with Opposing Views

Ben Bernanke

Edmund Phelps

Rodrigo Rato

Wilbur Ross

Adam Davidson