the SHADOW OPEN MARKET COMMITTEE (SOMC) symposium:
Maintaining Central Bank Independence in Conducting Monetary Policy
Position papers addressing central bank independence, financial regulatory reform and current monetary policy were presented by SOMC members Michael Bordo, Charles Calomiris, Gregory Hess, Marvin Goodfriend, Mickey Levy and Bennett McCallum.
Monetary Policy 1.0
by Gregory Hess, Claremont McKenna College
Clarifying Central Bank Responsibilities for Monetary Policy, Credit Policy, and Financial Stability
by Marvin Goodfriend, Carnegie Mellon University and National Bureau of Economic Research
The Rationale for Independent Monetary Policy
by Bennett McCallum, Carnegie Mellon University
The Federal Reserve: Independence Gained, Independence Lost….
by Michael Bordo, Rutgers University
Restoring Monetary Policy Independence: The Risks of Regulatory Reform
by Charles Calomiris, Columbia University
Monetary Policy Independence Amid Fiscal Policy Deterioration
by Mickey Levy, Bank of America