The Shadow Open Market Committee was formed in 1973 in response to rising inflation and the apparent unwillingness of U.S. policymakers to implement policies necessary to maintain price stability. This paper describes how the Committee's policy views differed from those of most Federal Reserve...

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...

Address before the Charlotte Economics Club, Charlotte, N.C., Feb. 25, 2004

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...

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 St. Louis University, St. Louis - Feb. 24, 2000

Presentation to the Annual Technology Transfer Showcase for the University of Missouri System, St. Louis - April 25, 2002

Address before the University of Arkansas at Little Rock, Peabody Hotel, Little Rock, April 6, 2004