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How monetary policy got behind the curve - and how to get back

Bordo, Michael D. (ed.); Cochrane, John H. (ed.); … - Monetary Policy Conference <14., 2022, Standford, Calif.> - 2023

"Proceedings from the 2022 Hoover Institution monetary policy conference examine recent inflation in the wake of fiscal … and other shocks and measures by the Federal Reserve intended to counter inflation." …

Persistent link: https://www.econbiz.de/10013460981

Getting monetary policy back on track

Admati, Anat R. - Monetary Policy Conference <2023, Stanford> - 2024

-world lessons for first-world monetary policy / Anusha Chari and Peter Blair Henry -- Inflation targeting in Japan, 2013 … -- Latin American inflation and Chile's market-oriented reforms / Sebastian Edwards. …"Experts in economic policy debate the 2021 surge in inflation, why the Federal Reserve was slow to respond, and …

Persistent link: https://www.econbiz.de/10014432541

Rules for international monetary stability : past, present, and future

Beckworth, David; Bordo, Michael D.; Taylor, John B. - International Monetary Stability: Past, Present, and … - 2017 - First printing

Monetary policy independence under flexible exchange rates : the Federal Reserve and monetary policy in Latin America : is there policy "spillover"? / Sebastian Edwards -- The international impact of the Fed when the United States is a banker to the world / David Beckworth and Christopher Crowe...

Persistent link: https://www.econbiz.de/10011700987

U.S. Intervention and the Early Dollar Float : 1973-1981

Bordo, Michael D. - 2010

The dollar's depreciation during the early floating rate period, 1973-1981, was a symptom of the Great Inflation. In …

Persistent link: https://www.econbiz.de/10013135219

U.S. Foreign-Exchange-Market Intervention During the Volcker-Greenspan Era

Bordo, Michael D. - 2010

The Federal Reserve abandoned foreign-exchange-market intervention because it conflicted with the System's commitment to price stability. By the early 1980s, economists generally concluded that, absent a portfolio-balance channel, sterilized foreign-exchange-market intervention did not provide...

Persistent link: https://www.econbiz.de/10013139393

U.S. Monetary-Policy Evolution and U.S. Intervention

Bordo, Michael D. - 2011

The United States all but abandoned its foreign-exchange-market intervention operations in late 1995, when they proved corrosive to the credibility of the Federal Reserve's commitment to price stability. We view this decision as the culmination of the evolution of U.S. monetary policy over the...

Persistent link: https://www.econbiz.de/10013119099

On the Evolution of U.S. Foreign-Exchange-Market Intervention : Thesis, Theory, and Institutions

Bordo, Michael D. - 2011

Reserve's ability to credibly commit to low and stable inflation. This chapter also provides a theoretical discussion of …

Persistent link: https://www.econbiz.de/10013123428

A Brief Empirical History of U.S. Foreign-Exchange Intervention : 1973-1995

Bordo, Michael D. - 2010

This paper assesses U.S. foreign-exchange intervention since the inception of generalized floating. We find that intervention was by and large ineffectual. We first identify which interventions were successful according to three criteria. Then, we test whether the number of observed successes...

Persistent link: https://www.econbiz.de/10013152710

The structural foundations of monetary policy

Bordo, Michael D.; Cochrane, John H. - 2018

Persistent link: https://www.econbiz.de/10012034455

The historical performance of the Federal Reserve : the importance of rules

Bordo, Michael D. - 2019

banks following rule-like behavior produces low and stable inflation, stable real performance, and encourages financial … inflation and real output) across policy regimes. He examines the performance of the Federal Reserve in its pursuit of …

Persistent link: https://www.econbiz.de/10012116887