NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Federal Reserve Structure, Economic Ideas, and Monetary and Financial Policy

Michael D. Bordo, Edward S. Prescott

NBER Working Paper No. 26098
Issued in July 2019

---- Acknowledgments ----

We would like to thank Al Broaddus, Doug Evanoff, Owen Humpage, Tom Humphrey, Loretta Mester, Ed Prescott, Ellis Tallman, and David Wheelock for helpful comments. The views expressed in this essay are those of the authors and not necessarily those of the Federal Reserve Bank of Cleveland, the Federal Reserve System, or the National Bureau of Economic Research.

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