The rational expectations revolution made clear that a complete macro model requires a specification of the government's economic policy. We argue that monetary policy should be conducted in such a way that the market can predict policy actions. An implication of market success in predicting...

A monetary policy rule is nothing more than a systematic decision-making process that uses information in a consistent and predictable way. In this article, Federal Reserve Bank of St. Louis President, William Poole, critically examines past instances when policy failed to deliver price...

A speech at the Middle Tennessee State University, Annual Economic Outlook Conference, Murfreesboro, Tenn., Sept. 29, 2006

Presentation at the Philadelphia Fed Policy Forum, Philadelphia - Nov. 30, 2001

Presentation at the Hawaii Council on Economic Education Annual Meeting, Honolulu - April 25, 2000

Presentation to the Arkansas Business and Economic Society and The Central Arkansas Chapter of the Risk Management Association, Little Rock -Feb. 15, 2001

Presentation to the First Conference of the Monetary Stability Foundation at the Regional Office of Deutsche Bundesbank, Frankfurt, Germany - Dec. 5, 2002

Presentation to the Midwest Economic Education Conference, St. Louis - April 11, 2002