17–31; and Philippe Andrade, Jordi Galí, Hervé Le Bihan, and Julien Matheron (2019), “The Optimal Inflation Target and the Natural Rate of Interest,” Brookings Papers on Economic Activity, Fall, pp. 173–255.
7 See Richard H. Clarida (2019), “The Federal Reserve’s Review of Its Monetary Policy Strategy, Tools, and Communication Practices.” speech delivered at the 2019 U.S. Monetary Policy Forum, sponsored by the Initiative on Global Markets at the University of Chicago Booth School of Business, New York, February 22, https://www.federalreserve.gov/newsevents/speech/clarida20190222a.htm.