SOMC 2014 Fall Meeting

Presents…

the SHADOW OPEN MARKET COMMITTEE (SOMC) Meeting:

“Preparing to Normalize Monetary Policy”

 

Position Papers

Federal Reserve Credibility and Reputation in Historical Perspective
by Michael D. Bordo, Rutgers University

Phony Deflation Worries
by Charles W. Calomiris, Columbia University

Monetary Policy as a Carry Trade
by Marvin Goodfriend, Carnegie Mellon University

Can We Trust the Fed?
by Gregory D. Hess, Wabash College

The Classical Theory of Inflation and Its Uses Today
by Peter Ireland, Boston College

Rate Hike Fears are Unwarranted
by Mickey D. Levy, Blenheim Capital Management

Bitcoin Issues
by Bennett T. McCallum, Carnegie Mellon University

European Headwind: ECB Policy and Fed Normalization
by Athanasios Orphanides, MIT