The Henry Thornton Lecture, Cass Business School, London. March 24, 2009

2008 Annual Economic Outlook Conference, Middle Tennessee State University, Murfreesboro, Tenn., Sept. 26, 2008

Northwest Arkansas Convention Center, Rogers, Ark, June 4, 2008

Memphis, Tenn., Oct. 14, 2008

Regional Economic Summit, Evansville, Ind., Nov. 20, 2008

Wisconsin School of Business, Madison, Wis., June 6, 2008

St. Louis Fed President James Bullard evaluated FOMC forecasts for 2014 and discussed implications for monetary policy in 2015. During an event in Chicago, he noted that the FOMC has been surprised in the same way two years in a row regarding its forecasts. He said that the nature of the...

We study the connections between determinacy of rational expectations equilibrium, and expectational stability or learnability of that equilibrium, in a relatively general New Keynesian model. Adoption of policies that induce both determinacy and learnability of equilibrium has been considered...