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Michael D. Bordo is a Board of Governors Professor of Economics and director of the Center for Monetary and Financial History at Rutgers University. He is currently doing research for a Hoover Institution book project titled The Historical Performance of the Federal Reserve: The Importance of Rules. John H. Cochrane is a senior fellow at the Hoover Institution. He is also a research associate of the National Bureau of Economic Research and an adjunct scholar of the Cato Institute. Amit Seru is a senior fellow at the Hoover Institution, a professor of finance at the Stanford Graduate School of Business and the Stanford Institute for Economic Policy Research and a research associate at the National Bureau of Economic Research.

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