As the two year centennial of the founding of the Fed in 1913-14 draws to a close this month, a new centennial volume, Frameworks for Central Banking in the Next Century, is being published as a special issue of the Journal of Economic Dynamics and Control. Edited by Michael Bordo, Bill Dupor and me, the volume consists of papers, discussions and panelists’ remarks from a conference at Stanford’s Hoover Institution. The overall viewpoint of the volume is considerably different from other centennial volumes, including a symposium published by the Journal of Economics Perspectives called The First 100 Years of the Federal Reserve, based on a conference held at the National Bureau of Economic Research.
As Mike Bordo and I explain in the introduction to the new volume “…the findings are consistent with, and would encourage, a more rules-based policy for the Federal Reserve. As a result…
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Utopia, you are standing in it! 
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