It’s preposterous. There’s no problem that’s getting addressed with this solution, this is a solution in search of some problem.
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Department of Energy and Related Commissions
… cost and availability risk. FERC should reform market rules that unduly discriminate against dispatchable … cost and availability risk. FERC should reform market rules that unduly discriminate against dispatchable … - page 402
… customers. RTOs are complex regulatory constructs (with rules set by FERC) that obscure government interference and … customers. RTOs are complex regulatory constructs (with rules set by FERC) that obscure government interference and … - page 403
… however, accountability is indirect through the tariffs (rules) that the RTOs adopt and FERC approves. In addition, … however, accountability is indirect through the tariffs (rules) that the RTOs adopt and FERC approves. In addition, … - page 404
… by an RTO or regional planning entity). Through two major rulemakings,"* FERC is attempting to facilitate the building … by an RTO or regional planning entity). Through two major rulemakings,"* FERC is attempting to facilitate the building … - page 405
… state input and decision-making. FERC will consider rules on how NIETC transmission applications are to be made. … state input and decision-making. FERC will consider rules on how NIETC transmission applications are to be made. … - page 405
… should either change course on its existing transmission rulemakings (if still in progress) or issue a new rulemaking to: Chapter Department of Energy and Related … should either change course on its existing transmission rulemakings (if still in progress) or issue a new rulemaking … - page 405
… from Environmental Review,” Advance Notice of Proposed Rulemaking; Request for Comment, Federal Register, Vol. 86, … from Environmental Review,’ Advance Notice of Proposed Rulemaking; Reopening of Comment Period, Federal Register, … from Environmental Review,” Advance Notice of Proposed Rulemaking; Request for Comment, Federal Register, Vol. 86, … - page 411
… Cost Allocation and Generator Interconnection,” Notice o Rulemaking, Federal Register, Vol. 87, No. 86 (May 4, 2022), … Procedures and Agreements,” Notice of Proposed Rulemaking, Federal Register, Vol. 87, No. 127 (July 5, … Cost Allocation and Generator Interconnection,” Notice o Rulemaking, Federal Register, Vol. 87, No. 86 (May 4, 2022), … - page 414
Federal Reserve
… MONETARY RULE REFORM OPTIONS - 10607 MONETARY RULE REFORM OPTIONS Chapter Federal Reserve Page number 735 … MONETARY RULE REFORM OPTIONS … MONETARY RULE REFORM OPTIONS - 10607 … - page 735
… of commodity money, or embracing a strict monetary-policy rule to ward off political meddling. Of course, neither free … of commodity money, or embracing a strict monetary-policy rule to ward off political meddling. Of course, neither free … - page 736
… K-Percent Rule. Under this rule, proposed - 10636 K-Percent Rule. Under this rule, proposed by Milton Friedman in 1960,” … - page 738
… The principal flaw is that unlike commodities, a K-Percent Rule is not fixed by physical costs: It could change … patterns in the 1970s. When this happens, a given K-Percent Rule that previously delivered stability could become … The principal flaw is that unlike commodities, a K-Percent Rule is not fixed by physical costs: It could change … - page 738
… Friedman proposed the K-Percent Rule was - 10639 Friedman proposed the K-Percent Rule was very different from monetary policy today. Adopting a K-Percent Rule would require considering what transitions need to take … - page 739
… Inflation-Targeting Rules. Inflation targeting is the - 10640 Inflation-Targeting Rules. Inflation targeting is the current de facto Federal Reserve rule.** Under inflation targeting, the Federal Reserve … - page 739
… Inflation and Growth-Targeting Rules. Inflation and - 10641 Inflation and Growth-Targeting Rules. Inflation and growth targeting is a popular proposal … versions of inflation and growth targeting are a Taylor Rule and Nominal GDP (NGDP) Targeting. Both offer similar … - page 739
… stabilizes total nominal spending directly. The Taylor Rule does so indirectly, operating through the federal funds … stabilizes total nominal spending directly. The Taylor Rule does so indirectly, operating through the federal funds … - page 739
… The Taylor Rule works similarly. It - 10644 The Taylor Rule works similarly. It says the Fed should raise its … focuses directly on stable demand as an outcome, the Taylor Rule focuses on the Fed’s more reliable policy levers. … - page 739
… The problem with both rules is - 10645 The problem with both rules is the knowledge burden they place on central bankers. These rules state that the Fed should neutralize demand shocks but … - page 739
… necessary economic restructuring following a bust. Either rule likely outperforms a strict inflation target and … target. While NGDP targeting and the Taylor Rule have much to commend them, they might be harder to … public that the advantages of NGDP targeting and the Taylor Rule, especially in terms of supporting labor markets, … - page 740
… potential disruption to the financial system, a K-Percent Rule may be a more feasible option. The other rules discussed (inflation targeting, NGDP targeting, and the Taylor Rule) are more complicated but also more flexible. While … - page 740
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