Short and sweet policy statement.....

http://www.johnbtaylorsblog.blogspot.com/2013/04/a-key-issue-in-monetary-policy-debate.html


...with comments by Cochrane..... 


http://johnhcochrane.blogspot.com/2013/04/taylor-on-monetary-policy.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+TheGrumpyEconomist+%28The+Grumpy+Economist%29


Giving the Fed a whole laundry list of things for them to do and accomplish is a real bad idea.