Monetary History
An official from the Bank of Canada explains how floating
and fixed exchange rates have influenced Canadian monetary
policy:
www.bankofcanada.ca/en/speeches/2005/sp05-8.html
Jeffrey Frankel examines the conflict between those who
wanted fixed exchange rates and those who favored floating
rates:
www.econlib.org/library/Enc/ForeignExchange.html
The Federal Reserve Bank of Minneapolis explains the
real-bills doctrine as a sidebar to an interview with Alan
Meltzer (which is somewhat long but worth reading):
minneapolisfed.org/pubs/region/03-09/bills.cfm
The Federal Reserve Bank of Richmond has a article on the
life and contributions of William McChesney Martin, who
dominated the Federal Reserve during the 1950s and
1960s:
www.richmondfed.org/publications/economic_research/the_fiftieth_anniversary_of_the_treasury-federal_reserve_accord/biographies/martin.cfm
The Federal Reserve Bank of New York explains Federal
Funds:
www.newyorkfed.org/aboutthefed/fedpoint/fed15.html
I have not yet found an appropriate entry for this topic.
Until I do, here is a game or simulation in which you get to
set monetary policy in a fictional economy:
www.frbsf.org/education/activities/chairman/
One of the most discussed policy rules currently is the
Taylor rule, which is ignored in CyberEconomics. The
Federal Reserve Bank of San Francisco explains what the
Taylor rule is:
www.frbsf.org/education/activities/drecon/9803.html
The central message of credibility is expressed in a
fable by Aesop:
www.bartleby.com/17/1/43.html
The article, "Fed Power Tied To Policy Credibility,"
appeared in Forbes magazine:
www.forbes.com/business/2006/09/19/us-federal-reserve-biz-cx_0920oxford.html
The late James Tobin, one of America's premier
Keynesians, writes about monetary policy in The Concise
Encyclopedia of Economics:
www.econlib.org/library/Enc/MonetaryPolicy.html
These links were checked on July 4, 2008
  
Copyright
Robert Schenk
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