1. Big Ben: On US Federal Reserve
Communications
Shiva Kumar Srinivasan

2. The Fed’s Communications Policy
• What is the Fed’s communications policy?
• Why does the Fed need a
communications policy?
• What are the antecedents of the Fed’s
communications policy?

3. The Bernanke Doctrine:
As Governor and
Chairman of the
Federal Reserve System,
Washington DC

4. Helicopter Ben and Helicoptress
Yellen

5. Ben Bernanke, Milton Friedman, and
Stanley Fischer

6. Fed Communications and
the Financial Crisis of 2008:
Bernanke at George Washington
University in 2013

7. Bernanke and the US Media:
Bernanke Explains Unconventional Monetary Policy

8. The Montague Doctrine
‘Never Explain, Never Excuse’
Mystique as a Source of Credibility in the Bank of
England

9. Recent Fed Chairs
and their Communications Policy:
Antecedents and Precedents
Paul Volcker (1979-87)
Alan Greenspan (1987-06)
Ben Bernanke (2006-14)
Janet Yellen (2014-Present)

10. Recent Fed Chairs

11. Contributors to Fed Communications Policy: Kohn, Mishkin,
and Poole On The Limits of Accountability and Transparency
in Monetary Policy

12. The Yellen Doctrine:Continuity in Fed
Policy
• Credibility, Expectations,
and Forward Guidance

13. Janet Bernanke’s Balance Sheet

14. Fed Controversies: The Value of the
Dollar

15. The Fed’s Dual Mandate: Inflation and
Unemployment

16. Policy at Zero Bound: Explaining Unconventional
Monetary Policy to the Public

17. The Federal Reserve System

18. The 12 Reserve Banks

19. The Fed Hierarchy and the US Treasury: The Fed-Treasury
Accord of 1951

20. The Federal Open Market Committee
(FOMC) and the Federal Funds Rate

21. Recent Nominees to the Fed and the US President

22. Yellen and Senator Chuck Schumer

23. Prescott and Kydland on the Science
of Macroeconomics

24. Bob Lucas on Expectations:
Implications for The Fed’s Policy Path

25. The Taylor Rule:
Rules, Discretion, and Constrained Discretion

26. Marvin Goodfriend on FOMC vs Merrill: Why Fed
Secrecy and Mystique is a Thing of the Past

27. Explaining Bernanke’s Fed in Recent
Years

28. Monetary Policy as a Performative Art

29. The Fed and Financial Regulation

30. Frankly Speaking: Christopher Dodd-
Barney Frank and the Federal Reserve

31. The Fed as Regulator:
The Shift in Perspective

32. The St.Louis Fed and its Review

33. Larry Summers and Alberto Alesina on the
Independence of the Fed (1993)

34. Working-through Bernanke