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.

Research Fellow Mark Harrison discusses studying the Soviet economy on PostNauka.

HOW do we make the system safer? That was the third question raised by the Hoover Institution's fascinating new book referred to in yesterday's post (which dealt with the build-up to, and immediate aftermath of, the crisis).

Springtime in the Southern Hemisphere is wonderful, and I have been having fun here for the past 10 days, keynoting at two great conferences, with one talk on central bank independence at the Central Bank of Chile and another talk on inflation targeting at the South African Reserve Bank.