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 29, 2019 – New York, NY

Keynote Address

Some Practical Considerations for Monetary Policy Frameworks
by Randal K. Quarles, Vice Chairman For Supervision, Board Of Governors Of The Federal Reserve System


Position Papers

Balance Sheet: Exposures, Risks, and Financial Difficulties
by Charles Plosser, Hoover Institution

Monetary Policy Implementation: Making Better and More Consistent Use of the Federal Reserve’s Balance Sheet
by Peter N. Ireland, Boston College

Flexible Rules Versus Discretion: The Fed’s “New” Data-Dependent Approach
by Michael D. Bordo, Rutgers University

Truth from Lies: Why Natural Language Processing Will Revolutionize Central Bank Accountability and Encourage Systematic Monetary Policy
by Charles W. Calomiris and Harry Mamaysky

The Fed’s Communications: Suggestions for Improvement
by Mickey D. Levy, Berenberg Capital Markets