NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

How the World Achieved Consensus on Monetary Policy

Marvin Goodfriend

NBER Working Paper No. 13580
Issued in November 2007

---- Acknowledgements -----

The author would like to thank Al Broaddus, Spencer Dale, Robert King, Robert Hetzel, Bennett McCallum, Allan Meltzer, Athanasios Orphanides, Marek Rozkrut, and Joachim Scheide for helpful comments. Editorial advice from James Hines, Andrei Shleifer, Jeremy Stein, and Timothy Taylor of the Journal of Economic Perspectives is gratefully acknowledged. The paper benefited from seminars at The City University of Hong Kong, The Federal Reserve Bank of New York, and The Kiel Institute for the World Economy. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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