SOMC 2015 Spring Meeting

Presents…

the SHADOW OPEN MARKET COMMITTEE (SOMC) Meeting:

“Getting Monetary Policy Back on Track”

 

Position Papers

U.S. Inflation Is Not Too Low
by Michael D. Bordo, Rutgers University and Hoover Institution Stanford University

Guidelines for Policymaking and Communication During Normalization
by Charles W. Calomiris, Columbia University, Peter Ireland, Boston College, and Mickey Levy, Blenheim Capital Management

The Fed Should Fix the Interest on Reserves Floor
by Marvin Goodfriend, Carnegie Mellon University

Economic Performance: Sound Cyclically but Longer—Run Concerns
by Mickey D. Levy, Blenheim Capital Management

Remarks on John Taylor’s Contributions
by Bennett T. McCallum, Carnegie Mellon University