Cato Journal: Spring/Summer 2020 | Cato Institute

Fed Policy: A Shadow Review

Articles

Editor’s Note

By James A. Dorn

The Federal Reserve’s Review of Its Monetary Policy Strategy, Tools, and Communication Practices

By Richard H. Clarida

Independence and Accountability via Inflation Targeting

By Peter Ireland

A Look Back at the Consensus Statement

By Jeffrey M. Lacker

NGDP Targeting and the Public

By Carola Conces Binder

Federal Reserve Policy in a World of Low Interest Rates

By Eric Sims and Jing Cynthia Wu

Operating Regimes and Fed Independence

By Charles I. Plosser

How QE Changed the Shape of the U.S. Yield Curve

By Manmohan Singh and Rohit Goel

Monetary Policy Operating Frameworks: Are Reforms Heading in the Right Direction?

By Andrew Filardo

Upgrading the Fed’s Operating Framework

By David Beckworth

Central Banking and the Rule of Law

By Sir Paul Tucker

How Natural Language Processing Will Improve Central Bank Accountability and Policy

By Charles Calomiris and Harry Mamaysky

How Politics Shapes Federal Reserve Communications

By Sarah A. Binder and Mark Spindel

Pitfalls of Makeup Strategies for Mitigating the Effective Lower Bound

By Andrew T. Levin and Arunima Sinha

Envisioning Monetary Freedom

By George Selgin

The Fed’s Precrisis Monetary Policy Framework Is Well‐Suited for a Free Society

By William Nelson

Four Principles for a Base Money Regime

By William J. Luther

Money, Stability, and Free Societies

By Steve H. Hanke

Book Reviews

Human Compatible: Artificial Intelligence and the Problem of Control by Stuart Russell

By Thomas A. Hemphill

The Cosmopolitan Tradition: A Noble but Flawed Ideal by Martha C. Nussbaum

By Paul Meany

The American Dream Is Not Dead (But Populism Could Kill It) by Michael R. Strain

By Richard Morrison

The Case for Nationalism: How It Made Us Powerful, United, and Free by Rich Lowry

By Alex Nowrasteh

Reason, Faith, and the Struggle for Western Civilization by Samuel Gregg

By Juliana Geran Pilon