Archives - Position Papers

The Committee meets semi-annually. At each meeting a number of papers are prepared by Committee members on a variety of macroeconomic and public policy topics. Based on these papers and the Committee’s deliberations, a Policy Statement is prepared that summarizes the most important policy recommendations of the Committee. These papers are organized by year and downloadable.

April 29, 2022

Position Papers

The Continuing Case for Nominal GDP Level Targeting
by Peter N. Ireland, Boston College

February 11, 2022

Position Papers

The Fed’s Delayed Exits from Monetary Ease: The Fed Rarely Learns from History
by Michael D. Bordo, Rutgers University and Mickey D. Levy, Berenberg Capital Markets
Accelerating OER and Services Prices to Keep Inflation High
by Mickey D. Levy, Berenberg Capital Markets
Inflation Risks and Monetary Policy
by Andrew Levin, Dartmouth College
The Institutional Devolution of Government Financial Policy
by Charles W. Calomiris, Columbia Business School