Central banks play a major role in determining monetary policy. The Federal Reserve, like its counterparts elsewhere, conducts monetary policy in the midst of on-going public debate about the objectives it should pursue and the economic indicators it should monitor, and "Fed watchers" constantly attempt to divine the Fed's next move.
- Chapter 7:
"Open and Operating: Providing Liquidity to Avoid a Crisis." Bruce Champ, Federal Reserve Bank of Cleveland Economic Commentary, February 15, 2003, pp. 1-3.
- Chapter 8:
"U.S. Monetary Policy: An Introduction. Part 2: What Are the Goals of U.S. Monetary Policy?" Federal Reserve Bank of San Francisco FRBSF Economic Letter, No. 2004-02, January 23, 2004.
- Chapter 8:
"U.S. Monetary Policy: An Introduction. Part 4: How Does the Fed Decide the Appropriate Setting for the Policy Instrument?" Federal Reserve Bank of San Francisco FRBSF Economic Letter, No. 2004-04, February 6, 2004.
- Chapter 8:
"The Taylor Rule: A Guidepost for Monetary Policy?." Charles T. Carlstrom and Timothy S. Fuerst, Federal Reserve Bank of Cleveland Economic Commentary, July 2003, pp. 1-3.
- Chapter 8:
"Should the Fed React to the Stock Market?" Kevin J. Lansing, Federal Reserve Bank of San Francisco FRBSF Economic Letter, No. 2003-34, November 14, 2003.
- Chapter 8:
"Transparency in Monetary Policy." Carl E. Walsh, Federal Reserve Bank of San Francisco FRBSF Economic Letter, No. 2001-26, September 7, 2001, pp. 1-3.
- Chapter 8:
"What Should Central Banks Do?" Fredric S. Mishkin, Federal Reserve Bank of St. Louis Review, 82, 6, November/December 2000, 1-13.
- Chapter 8:
"Monetary Policy Rules and Stability: Inflation Targeting versus Price-Level Targeting." Charles T. Carlstrom and Timothy S. Fuerst, Federal Reserve Bank of Cleveland Economic Commentary, February 15, 2002, pp. 1-3.
- Chapter 8:
"What is the Right Inflation Rate?" David E. Altig, Federal Reserve Bank of Cleveland Economic Commentary, September 15, 2003, pp. 1-4.
