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