#2008-032A "The Great Inflation: Did The Shadow Know Better?"
by William Poole, Robert H. Rasche, and David C. Wheelock
September 2008

The Shadow Open Market Committee was formed in 1973 in response to rising inflation and the apparent unwillingness of U.S. policymakers to implement policies necessary to maintain price stability. More...

#2000-010A "Perfecting the Market's Knowledge of Monetary Policy"
by William Poole, and Robert H. Rasche
December 2000

The rational expectations revolution made clear that a complete macro model requires a specification of the government's economic policy. We argue that monetary policy should be conducted in such a way that the market can predict policy actions. More...

PUBLISHED: Journal of Financial Services Research, December 2000, 18(2-3), pp. 255-98