Reflections on monetary policy: flexibility, transparency, and inflation

Monetary policy has come a long way in the past quarter century. Price stability has always been part of the Federal Reserve's policy mandate. Should the Fed now adopt explicit numerical guidelines or targets for inflation?Monetary policy ; Inflation (Finance)

Public policy and central counterparty clearing

Banks and banking, Central ; Public policy ; Risk management

Disruptions in global financial markets: the role of public policy

How should public policy evolve in light of the recent series of financial crises worldwide? In this article, the author argues that market discipline must play an essential role in any future policy reforms.Financial crises ; Public policy

China up close: understanding the Chinese economy and financial system (special issue)

In March 2007, the authors paid a weeklong visit to Beijing and Shanghai, China. In this article, they summarize some of the most striking impressions from their visit concerning the Chinese economy and financial system.Banks and banking, Foreign ; Economic conditions - China ; Banks and banking - China

The Global Edge: An Agenda for Chicago's Future

Examines the challenges the city faces in sustaining economic vitality, and lays out the priorities for the next two decades: improve transportation and infrastructure, build human capital, and increase global engagement