Shadow Open Market Committee

Meeting Date April 24, 2009, Washington, D.C.

• Monetary Policy Indicators

Position Papers:

• Michael Bordo, Rutgers University
  The Great Contraction and the Current Crisis: Historical Parallels and Policy Lessons
• Charles Calomiris, Columbia University
  The Allocation of Regulatory Authority and Prudential Bank Regulation: What's Broke and How To Fix It
• Marvin Goodfriend, Carnegie Mellon University
  We Need an "Accord" for Federal Reserve Credit Policy
• Mickey Levy, Bank of America
  What’s in Worse Shape, the Economy or Fiscal Policy?
• Benjamin McCallum, Carnegie Mellon University
  China, the US Dollar and SDRs
• Anne Schwartz, NBER
  Boundaries Between the Fed and the Treasury
• Gregory Hess, Claremont McKenna College
  Monetary Policy in Color

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