In this address, I first describe the hallmarks of the Greenspan Fed and the advantages of this strategy that have produced such favorable economic outcomes. Then I look at how well the Fed minght do after Greenspan and what challenges it might face. This discussion then leads naturally to suggestions for how the Fed should operate in the future to continue the excellent performance it has achived under Alan Greenspan.
Mishkin, Frederic. "The Fed After Greenspan." Presidential address at the Eastern Economic Association meetings, New York, March 4, 2005.
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