Economic Policy for Our Era: The Ohio Experience

Northeastern Ohioans can give much of the credit for their revitalized economy to the revolution in communications technology, or more precisely, to the globalization of business that the revolution has allowed. This revolution has also helped to reshape the way economic policy is being conducted here and around the world. Ina recent speech in Cleveland, Roger W. Ferguson, Jr., vice chairman of the Federal Reserve Board of Governors, discussed Ohio’s economic recovery and the role of economic policy in a communications era. This Economic Commentary is adapted from his talk at the City Club of Cleveland’s Ameritech Power of Ideas 2000 Millennium Conference series on May 11.