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.
Archives - Position Papers
Browse by Year
April 14, 2021
Keynote Address
The Federal Reserve’s New Framework and Outcome-Based Forward Guidance
by Richard Clarida, Vice Chair, Board of Governors of the Federal Reserve System
Position Papers
The Anguish and Progress of Central Banking
by Gregory Hess, IES Abroad
Do Enlarged Deficits Cause Inflation: The Historic Record
by Michael Bordo, Rutgers University and Mickey Levy, Berenberg Capital Markets
January 7, 2021
Position Papers
Labor Market Conditions and the Fed’s New Strategic Framework
by Mickey D. Levy, Berenberg Capital Markets
Assessing the Magnitude of Shortfalls from Full Employment
by Andrew Levin, Dartmouth College