Following the Macroeconomic discussion about the actions of the FED

From Hugo Domic

Almost all Economic Blogs for the couple years have been discussing the actions of the FED, what’s good, what’s not, what the models say, what they don’t, etc.

Usually no references are given, because is supposed to be common knowledge, but we think that the basic and fundamental papers on this issues should be really diffused so that everyone is on the same grounds.

Thus some major papers:

Barro-Gordon: Rules, Discretion and Reputation

http://www.sfu.ca/~kkasa/barro83.pdf

A “study guide”: http://www.econ.upf.edu/~costain/theory4/bg.pdf

Svensson: Inflation forecasting targeting

http://scholar.google.fr/scholar_url?hl=fr&q=http://citeseerx.ist.psu.edu/viewdoc/ download%3Fdoi%3D10.1.1.9.531%26rep%3 Drep1%26type%3Dpdf&sa=X&scisig=AAGBfm1alXL3XC125PTAW7fA7LCK-JmwsQ&oi=scholarr&ei=x1R4T9WcHJDA8QOwpJydDQ&ved=0CCAQgAMoADAA

These helps you grasp part of the discussion, many more articles are available, from Bernanke himself and others major researchers. But this two resume the basic discussion.

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