Policy rules that are consistent with inflation targeting are examined in a small macroeconometric model of the US economy. We compare the properties and outcomes of explicit "instrument rules" as well as "targeting rules." The latter, which imply implicit instrument rules, may be closer to...

We use a version of the Fuhrer-Moore model to study the effects of expectations and central bank credibility on the economy's dynamic transition path during a disinflation. Simulations are compared under four different specifications of the model that vary according to the way that expectations...

On strategy for disinflation prescribes a deliberate path towards low inflation. A contrasting opportunistic approach eschews deliberate action and instead waits for unforeseen shocks to reduce inflation. This paper compares the ability of these two approaches to achieve disinflation-and at what...

Presentation to the University of California at Berkeley Boalt School Alumni, San Francisco, March 2, 2005

Presentation to the Financial Women’s Association, San Francisco, CA, January 15, 2009

Presentation to Seattle-Area community leaders, Bellevue, WA, June 6, 2012

Presentation at the Central Bank of Chile, Fourth Summit Meeting of Central Banks on Inflation Targeting, Santiago, Chile, November 18, 2011

Presentation to Portland community leaders, Portland, OR. July 12, 2012

Presentation to Town Hall Los Angeles, Los Angeles, California, April 3, 2013

Panel presentation at the Federal Reserve Bank of Dallas Conference: "John Taylor’s Contributions to Monetary Theory and Policy" - October 12, 2007