Shadow Open Market Committee

Meeting Date May 7-8, 2006, Washington, D.C.

• Press Release
• Policy Statement
• Monetary Policy Indicators

Position Papers:

• Inflation is Like a Cancer, Not Like a Cold - Gregory Hess
• Monetary Policy and Maintaining Low Inflation - Mickey Levy
• Policy-Rule Rerospective on the Greenspan Era - Bennett McCallum
• Chairman Bernanke Should Review the Roster of the Fed's Non-Monetary Policy Activities:
  Are They a Distraction or Useful for the Conduct of Monetary Policy? - Anna Schwartz

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