Presents…
the SHADOW OPEN MARKET COMMITTEE (SOMC) symposium:
The Fed’s Monetary Policy Adrift
with keynote speaker Jeffrey M. Lacker,
President of the Federal Reserve Bank of Richmond
and SOMC Founder Professor Allan Meltzer
Position papers addressing global monetary and fiscal policy and banking regulations will be presented by SOMC members Charles Calomiris, Gregory Hess, Marvin Goodfriend, Peter Ireland, and Mickey Levy.
Position Papers
The Unlikely Return to “Normalcy” in U.S. Monetary Policy
by Charles Calomiris, Columbia University Graduate School of Business
The Fed Should Put Its 2% Inflation Goal to Work
by Marvin Goodfriend, Carnegie Mellon University and National Bureau of Economic Research
Political Troubles Forecast for the Fed
by Gregory D. Hess, Claremont McKenna College
Refocusing the Fed
by Peter Ireland, Boston College
Monetary Policy: Little Economic Impact, High Risks
by Mickey D. Levy, Bank of America