This article was originally presented as the Homer Jones Memorial Lecture, organized by the Federal Reserve Bank of St. Louis, St. Louis, Missouri, April 1, 2010.

The authors examine the experience of selected central banks that have used large-scale balance-sheet expansion, frequently referred to as “quantitative easing,” as a monetary policy instrument. The case studies focus on central banks responding to the recent financial crisis and Nordic...

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

Permanent increases in the monetary base foreshadow eventual increases in inflation that can increase, rather than reduce, unemployment.

May 6, 2011. Presented at Arkansas Day with the Bank Commissioner, Little Rock, Ark.

May 24, 2011. Presented at the 2011 Joint Meeting of the Cape Girardeau and Jackson Rotary Clubs, Cape Girardeau, Mo.

Remarks before the Stemmons Corridor Business Association, Dallas, Texas, February 8, 2011 ; "I would be very wary of expanding our balance sheet further; indeed, given current economic and financial conditions, it is hard for me to envision a scenario where I would not use my voting position...

Presentation at the 22nd Henry Thornton Lecture, City University Business School, London, England - Nov. 28, 2000

Presentation at the Meeting of the Philadelphia Council for Business Economics, Federal Reserve Bank of Philadelphia, Philadelphia - Aug. 6, 1999 ; [See William Poole and Robert H. Rasche, "Perfecting the Market's Knowledge of Monetary Policy," Federal Reserve Bank of St. Louis Working Paper...