Low inflation over long periods is the sign of an effective central bank. The authors suggest that a large fraction of … central banks. …

Central banks have done a very impressive job of achieving low and stable rates of inflation in recent years. But … CEO of the Federal Reserve Bank of Cleveland, discusses some of those challenges and how central banks might best prepare …

What inflation rate should the central bank target? The authors address determinacy issues related to this question in … principle holds in this environment. If the central bank elects to target sector A and responds to price movements in this …

We document increased central bank independence within the set of industrialized nations. This increased independence …

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 …