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Locating the function of bank supervision in the central bank has been a contentious issue, both domestically and … internationally. Most discussions of the role of bank supervision in central banking have focused on crisis management and the … responsibilities of the central bank as a lender of last resort. However, recent research by the authors has shown that confidential …
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Inflation targeting has been adopted by many central banks, but not by the U.S. Federal Reserve. Using an estimated New …
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Inflation, as measured by the Consumer Price Index, seems to have settled at an annual rate of about 2 percent. Is that rate too low? In this article, William Poole, the president of the Federal Reserve Bank of St. Louis, states his belief that the Federal Reserve's target should be zero...
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