Archives - 2019

Position Papers

Tariffs and Monetary Policy: A Toxic Mix
by Michael D. Bordo, Rutgers University and Mickey D. Levy, Berenberg Capital Markets

How To Promote Fed Independence: Perspectives from Political Economy and History
by Charles W. Calomiris, Columbia University

Some Heretical Thoughts on Central Bank Independence
by Deborah Lucas, MIT

Assessing the Federal Reserve’s Toolbox for Providing Monetary Stimulus at the Effective Lower Bound
by Andrew Levin, Dartmouth College

Introduction to “Characteristics of the Fed’s Independence and Accountability”
by Gregory Hess, Wabash College

Limits to Monetary Policy and Fed Independence
by Charles I. Plosser, Hoover Institution

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