Rethinking Monetary Policy

The Spring-Summer issue of Cato Journal, nearly summarizing the articles first presented at Cato’s 33rd Annual Monetary Conference on November 12, 2015:

Contributors to this volume revisit the thinking behind unconventional monetary policy and the “new monetary framework,” make the case for transparent monetary rules versus foggy discretion, and point to the distortions generated by ultra-low interest rates and preferential credit allocation. In doing so, they consider what monetary policy can and can’t do, what rules could improve the operation of the monetary and financial system, and what steps should be taken to safeguard our property rights in a sound monetary regime.

Recommended summer-holiday reading for monetary policy pundits.