This paper reviews the standard techniques of efficiency measurement, discusses some of the issues that arise in applying these standard techniques to central banks, and reviews some of the literature that has attempted to apply these techniques to central banking. The uniqueness of some of the...

Over the last decade, the legal and institutional frameworks governing central banks and financial market regulatory authorities throughout the world have undergone significant changes. This has created new interest in better understanding the roles played by organizational structures,...

The authors study credible information transmission by a benevolent central bank. They consider two possibilities: direct revelation through an announcement, versus indirect information transmission through monetary policy. These two ways of transmitting information have very different...

Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia Financial Interdependence in the World's Post-Crisis Capital Markets, Presented by the Global Interdependence Center (GIC) in partnership with the Philadelphia Council for Business...

Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia> 2010 European Banking & Financial Forum, Czech National Bank, Prague, The Czech Republic, March 23, 2010

Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, for the Inaugural Conference of the Society for Financial Econometrics, New York University Stern School of Business, New York, NY, June 5, 2008

Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia Merk Investments/Stanford SIEPR Panel, Stanford University, Palo Alto, California, October 20, 2009

Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia 2009 Economic Outlook Panel, University of Delaware, January 14, 2009