The Fed has taken several steps towards strengthening its monetary framework over the past several years. Those steps have supported the Fed’s efforts to stimulate the economy through forward guidance despite being constrained by having policy rates at zero. We show that an optimal control approach to monetary policy, which includes the publication of a baseline forecast and a description of the uncertainties around that outlook, combined with an improvement in the Fed’s communications toolkit, could further enhance the effectiveness of Fed policy. In the current conjuncture, such a risk management approach to monetary policy would result in both a later liftoff of policy rates and a modest, but planned, overshooting of inflation.

In this long awaited follow-up to the best-selling An Altar in the World, Barbara Brown Taylor explores ‘the treasures of darkness’ that the Bible speaks about. What can we learn about the ways of God when we cannot see the way ahead, are lost, alone, frightened, not in control or when the world around us seems to have descended into darkness?

The nature and essence of Dark Matter and Dark Energy have become the central issue in modern cosmology over the past years. This extensive volume, an outgrowth of a topical and tutorial summer school, has been set up with the aim of constituting an advanced-level, multi-authored textbook which meets the needs of both postgraduate students and young researchers in the fields of modern cosmology and astrophysics.

Corporations of every size have experience of employees who are guilty of lying, stealing, sabotage, hacking, destruction of files and data, and more than a few corporations have been, and continue to be, devastated by the activities of whistleblowers. Profits, secrets and staff morale are all threatened. This book provides a background to the psychology of deviance and offers practical advice about identifying the causes of and prescriptions for reversing disloyalty.