We study a simple, microfounded macroeconomic system in which the monetary authority employs a Taylor-type policy rule. We analyze situations in which the self-confirming equilibrium is unique and learnable according to Bullard and Mitra (2002). We explore the prospects for the use of ‘large...

Presented at the Bowling Green Area Chamber of Commerce. February 24, 2011.

President's message.

Presented at the 2011 European Banking & Financial Forum, Prague, Czech Republic.

May 18, 2011. Delivered at Money Marketeers of New York University, New York, N.Y.

An earlier version of this article was delivered as a speech to the Money Marketeers of New York University, New York, New York, May 18, 2011.

After the current quantitative easing program ends, it would be natural for the FOMC to put monetary policy on hold.

Presented at the Bowling Green Area Chamber of Commerce. February 24, 2011.

Presented at Indiana University.