Essays on Monetary Policy
The Collected Essays of Richard A. Stanford Monetary Policy in an Open Economy World Richard A. Stanford Professor of Economics, Emeritus Furman University Greenville, SC 29613 Copyright 2022 by Richard A. Stanford CONTENTS NOTE: You may click on the symbol <> at the end of any section to return to the CONTENTS. Introduction 1. The Relevant Money Supply in an Open Economy World 2. Monetary Policy in an Open Economy World 3. Central Bank Effectiveness in an Open Economy World 4. Central Bank Independence 5. The Fed's Independence 6. Rules vs. Discretion in Monetary Policy 7. Rules-Based Monetary Policy 8. Targeting Price or QuTracking the Natural Rateantity for Monetary Policy ...