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.

March 6, 2020 – New York, NY

Position Papers

Opening Remarks
by Mickey Levy, Berenberg Capital Markets, LLC

SOMC Panel Communication and Transparency
by Gregory D. Hess, Wabash College

Monetary Policy Rules: SOMC History and a Recent Case Study
by Peter N. Ireland, Boston College

Fed Communications As a Risk Indicator
by Charles W. Calomiris, Columbia University

Hope for the Best, Prepare for the Worst: The Federal Reserve’s Monetary Toolbox for Mitigating Severe Adverse Shocks
by Andrew Levin, Dartmouth College

A Professor’s Tribute to a Prize Student
by William Poole, Mises Institute & former President, Federal Reserve Bank of St. Louis

Panel on Federal Reserve transparency at a Shadow Open Market Committee conference honoring Marvin Goodfriend
by Donald Kohn, The Brookings Institution and former Vice Chairman of the Federal Reserve Board