Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the internation

21st Century Monetary Policy takes readers inside the Federal Reserve, explaining what it does and why. In response to the COVID-19 pandemic, the Federal Reserv

Details the evolution of the monetary standard from the start of the Federal Reserve through the end of the Greenspan era. The book places that evolution in the

The Federal Reserve System, created in the early 20th century, is now more than a hundred years old. This book takes the reader through the founding and first c

The paper considers the merits of rules and discretion for monetary policy when the structure of the macroeconomic model and the probability distributions of di