This paper builds on the analysis of Marvin Goodfriend and examines how the Fed can better engage in a rules-based monetary policy going forward.

This essay reviews the Volcker and Greenspan policy accomplishments at the Fed, as well as Marvin Goodfriend's contributions during this timespan.

Like many economists who came of age in the late 1970s and early 1980s, Marvin Goodfriend learned how models were affected by the assumption of rational expectations.

Marvin Goodfriend drew a number of conceptual and policy implications from his analysis of inflation scares, which have become part of the central banks' approaches to monetary policy.

This essay discusses the ideas and contributions in Marvin Goodfriend and Robert G. King's 1988 paper and relates it to some of Goodfriend's other research on banking and monetary policy.

This essay details Marvin Goodfriend's work around central bank secrecy and the evolution of transparency over the years.

In this essay, we describe Marvin Goodfriend's Industrial Development model and ponder its lessons for contemporary policy discussions.

An examination of Marvin Goodfriend's research on the relationship between the zero lower bound and interest rate policy.

This essay evaluates the Fed's new monetary policy framework through the prism of two pillars of Marvin's work — sustaining price stability and being very transparent about how that will be achieved.

This essay explains why central banks have targeted a 2 percent target inflation rate instead of literal price stability.

An examination of Marvin Goodfriend and Robert G. King's "The Incredible Volcker Disinflation" paper.

This essay reviews Marvin Goodfriend's path to making the case that the U.S. should adopt an explicit inflation targeting system.

The development of a symbiotic relationship between academic research and central bank policymaking led to a consensus on a new framework for monetary policymaking, which remains with us today.

This essay considers whether the 1951 Treasury-Fed Accord should be amended in order to address new challenges to Fed independence.

An analysis of the roles of central bank lending and central bank credit policy, what can go wrong with central bank lending, and how to fix these problems.

Marvin Goodfriend's views on the proper role of a central bank and his defense of the federal structure of the Federal Reserve System.

This essay recounts the history of interest on reserves at the Fed, showcasing the influence of Marvin Goodfriend's ideas and how those ideas were adapted as policymakers learned from the implementation of policy.

In 1997, Marvin Goodfriend published two papers that advocated a new approach to monetary policy analysis.

The concept of interest rate smoothing behavior by central banks is now standard, but it was not in the early 1980s when Marvin Goodfriend made the concept into a distinct phenomenon to be explained.