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Discussion Paper
Monetary policy and the information content of index bond prices
Journal Article
Should we reduce the role of banks in the monetary policy process?
The traditional view of banks in the monetary and price level control process is based on banks being producers of money in the form of deposits. Some economists have recently argued, however, that growth of bank deposits has no affect on price level stability. They say that the role of banks in the monetary policy process could be reduced with no adverse effect on price level stability, principally by removing reserve requirements.
Journal Article
Monetary policy with a new view of potential GNP
Working Paper
Inside money, outside money, and inflation