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Author:Garfinkel, Michelle R. 

Journal Article
The FOMC in 1988: uncertainty's effects on monetary policy

Review , Issue Mar , Pages 16-33

Journal Article
The FOMC in 1989: walking a tightrope

Review , Issue Mar , Pages 17-35

Journal Article
Strategic considerations in monetary policy with private information: can secrecy be avoided?

Review , Issue Jul , Pages 3-16

Journal Article
What is an \\"acceptable\\" rate of inflation?--a review of the issues

Review , Issue Jul , Pages 3-15

Journal Article
Alternative measures of the monetary base: what are the differences and are they important?

Review , Issue Nov , Pages 19-35

Journal Article
The economic consequences of reducing military spending

Review , Issue Nov , Pages 47-58

Working Paper
When and how much to talk: credibility and flexibility in monetary policy with private information

This paper analyzes how noisy or imprecise announcements might partially remove the inefficiencies resulting from the credibility problem in monetary policy when the presence of non-verifiable private information adds another dimension to that problem. The analysis finds that imprecise or noisy announcements can be a meaningful form of communication only if it is possible to "tie" the hands of the monetary authority somehow. To the extent that it is otherwise efficient for policy to react to the monetary authority?s private information, such announcements can be extremely costly in terms of ...
Working Papers , Paper 1990-004

Journal Article
The causes and consequences of leveraged buyouts

Review , Issue Sep , Pages 23-34

Journal Article
The link between M1 and the monetary base in the 198O's

Review , Issue Sep , Pages 35-52

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