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A Limited Central Bank

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  • Charles I. Plosser

Abstract

Cato Institute's 31st Annual Monetary Conference — Was The Fed a Good Idea? November 14, 2013, Washington, D.C.> President Charles I. Plosser proposes setting limits on the Federal Reserve so that it can better fulfill what he believes is its essential role. He considers restrictions on the types of assets the Fed can buy to limit its interference with markets. He also touches on the Fed's governance and accountability and ways to implement policies that limit discretion and improve outcomes.
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Suggested Citation

  • Charles I. Plosser, 2014. "A Limited Central Bank," Cato Journal, Cato Journal, Cato Institute, vol. 34(2), pages 201-211, Spring/Su.
  • Handle: RePEc:cto:journl:v:34:y:2014:i:2:p:201-211
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    References listed on IDEAS

    as
    1. Kydland, Finn E & Prescott, Edward C, 1977. "Rules Rather Than Discretion: The Inconsistency of Optimal Plans," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 473-491, June.
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    Cited by:

    1. Cochrane, John H., 2014. "Monetary policy with interest on reserves," Journal of Economic Dynamics and Control, Elsevier, vol. 49(C), pages 74-108.
    2. repec:eee:jmacro:v:54:y:2017:i:pa:p:90-99 is not listed on IDEAS

    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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