Cato Journal: Spring/Summer 2020

Envisioning Monetary Freedom

The much‐enlarged role of government in modern monetary systems makes it especially difficult to “inquire what would result” were the government to cease playing any role.

Cato Journal

Cato Journal

Spring/Summer 2020

Fed Policy: A Shadow Review

Articles

Editor’s Note

The Federal Reserve’s Review of Its Monetary Policy Strategy, Tools, and Communication Practices

Independence and Accountability via Inflation Targeting

A Look Back at the Consensus Statement

NGDP Targeting and the Public

Federal Reserve Policy in a World of Low Interest Rates

Operating Regimes and Fed Independence

How QE Changed the Shape of the U.S. Yield Curve

Monetary Policy Operating Frameworks: Are Reforms Heading in the Right Direction?

Upgrading the Fed’s Operating Framework

Central Banking and the Rule of Law

How Natural Language Processing Will Improve Central Bank Accountability and Policy

How Politics Shapes Federal Reserve Communications

Pitfalls of Makeup Strategies for Mitigating the Effective Lower Bound

Envisioning Monetary Freedom

The Fed’s Precrisis Monetary Policy Framework Is Well-Suited for a Free Society

Four Principles for a Base Money Regime

Money, Stability, and Free Societies

Book Reviews

Human Compatible: Artificial Intelligence and the Problem of Control by Stuart Russell

The Cosmopolitan Tradition: A Noble but Flawed Ideal by Martha C. Nussbaum

The American Dream Is Not Dead (But Populism Could Kill It) by Michael R. Strain

The Case for Nationalism: How It Made Us Powerful, United, and Free by Rich Lowry

Reason, Faith, and the Struggle for Western Civilization by Samuel Gregg

Latest Issues

Cato Journal Cato Journal

Spring/​Summer 2020

Fed Policy: A Shadow Review

Articles

Book Reviews

Latest Issues

Cato Journal

Cato Journal

Spring/Summer 2020