Laboratory experiments with an expectational Phillips curve / Jasmina Arifovic and Thomas J. Sargent ; Commentary / James Bullard, Christopher A. Sims -- Whither central banking? / Charles Goodhart ; Commentary / Donald L. Kohn, Mark Gertler -- Monetary policy in unknown territory: the European Central Bank in early years / Jürgen von Hagen and Matthias Brückner ; Commentary / Stephen G. Cecchetti, Vitor Gaspar -- International currencies and dollarization / Alberto Trejos ; Commentary / Klaus Schmidt-Hebbel, Ross Levine -- Banking panics and the origin of central banking / Gary Gorton and Lixin Huang ; Commentary / John H. Boyd, Edward J. Green -- Establishing a monetary union in the United States / Arthur J. Rolnick, Bruce D. Smith, and Warren E. Weber ; Commentary / Neil Wallace, Bruce Champ -- Currency competition in the digital age / Randall S. Kroszner ; Commentary / Jeremy C. Stein, Jeffrey M. Lacker.
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SUMMARY OR ABSTRACT
Text of Note
The articles in this volume are collectively about shedding light on central banks as institutions: how modern central banks have come to be what they are, what their objectives ought to be, how central banks ought to behave, and what kinds of challenges they might face.