At the Mercatus / Cato CMFA conference a few weeks ago on "Monetary Rules for a Post-Crisis World," David Laidler and David Glasner gave interesting and informative talks on the history (and history of economic thought) regarding the evolution of monetary rules during the first panel. Video…
Earlier this month a crowd of over a hundred and fifty gathered at George Mason University's Arlington Campus for an academic conference co-hosted by the Mercatus Center and the CMFA. The conference, "Monetary Rules for a Post-Crisis World," featured leading monetary economists, Washington's top financial journalists, and…
I was just about to treat myself to a little R&R last Friday when — wouldn't you know it? — I received an email message from the Brookings Institution's Hutchins Center. The message alerted me to a new Brookings Paper by former Minneapolis Fed President Narayana Kocherlakota….
How have recent events and research shaped the long-standing debate between champions of monetary discretion on one hand and of monetary rules on the other? What has the recent crisis taught us regarding the sort of rules that might, or might not, contribute to monetary stability? What,…
I often find myself described, not as a monetary economist, plain vanilla or otherwise, but as a "free banker," and (therefore) as someone who wants to "abolish" the Fed. Yet I've also been accused of lacking consistency, and even of being an outright apologist for monetary central…