Taylor rule
Fed’s Lockhart recommends renewed focus on monetary, credit aggregates
Atlanta Fed president also advocates Taylor-type rule to manage exit
Kansas City Fed paper on search frictions in monetary policy
Kansas City Federal Reserve paper finds evidence of indeterminacy in monetary policy in models with labour markets search frictions
Taylor calls on Fed to focus on price stability, not employment
Economist John Taylor likens Federal Reserve’s quantitative easing programme to fiscal policy; says central bank should focus on single price stability mandate
Fed’s Bullard calls for further QE
St Louis Federal Reserve president James Bullard says United States must commit to further stimulus if it wants to avoid a deflationary trap like Japan
Negative interest rates for the euro area?
Recent Taylor rule studies have suggested the Fed should have negative interest rates. Janko Gorter, Jan Jacobs and Jakob de Haan investigate the same question for the euro area.
More dismal than ever
Macroeconomics is in crisis, but central banks can help improve the state of the art, argues Malan Rietveld