Could Bitcoin kill Fed monetary policy?

Could Bitcoin kill Fed monetary policy?

| bitcoin, cash, Federal Reserve, medium of exchange, Michael Woodford, unit of account

While bitcoin could one day kill most of the roles that the Fed plays, monetary policy will probably stay intact. The reason for this, as I...

Woodford's forward guidance—why not use forward contracts instead?

Woodford's forward guidance—why not use forward contracts instead?

| convenience yield, forward guidance, Michael Woodford, quantitative easing, zero lower bound

...once the supply of reserves is sufficient to drive the short-term riskless rate to zero..., there is no reason to expect further increase...