In light of the recent financial and real economic crisis, it seems clear that macroeconomists need to better account for the influence of financial markets. This paper explores the consequences of treating the interaction between different financial markets, monetary policy, and the real...

The nature of and need to understand economic regulation are discussed. The paper presents further evidence on the relationship between monetary policy and the personal costs and benefits of inflation to central bankers. It is found that resignations from the Federal Reserve Board have been...

The nature of and need to understand economic regulation are discussed. The paper presents further evidence on the relationship between monetary policy and the personal costs and benefits of inflation to central bankers. It is found that resignations from the Federal Reserve Board have been...