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The monetary policy of the Federal Reserve : a history /
Details the evolution of the monetary standard from the start of the Federal Reserve through the end of the Greenspan era. The book places that evolution in the context of the intellectual and political environment of the time. By understanding the fitful process of replacing a gold standard with a...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Cambridge ; New York :
Cambridge University Press,
2008.
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| Colección: | Studies in macroeconomic history.
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| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | Details the evolution of the monetary standard from the start of the Federal Reserve through the end of the Greenspan era. The book places that evolution in the context of the intellectual and political environment of the time. By understanding the fitful process of replacing a gold standard with a paper money standard, the conduct of monetary policy becomes a series of experiments useful for understanding the fundamental issues concerning money and prices. How did the recurrent monetary instability of the 20th century relate to the economic instability and to the associated political and social turbulence? After the detour in policy represented by FOMC chairmen Arthur Burns and G. William Miller, Paul Volcker and Alan Greenspan established the monetary standard originally foreshadowed by William McChesney Martin, who became chairman in 1951. The Monetary Policy of the Federal Reserve explains in a straightforward way the emergence and nature of the modern, inflation-targeting central bank. |
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| Descripción Física: | 1 online resource (xvi, 390 pages) : illustrations |
| Bibliografía: | Includes bibliographical references and index. |
| ISBN: | 9780511388255 051138825X 9780511380426 0511380429 0511384408 9780511384400 9780521881326 0521881323 9780511754173 0511754175 9781107184954 1107184959 9780521707596 0521707595 1281254924 9781281254924 9786611254926 6611254927 0511387261 9780511387265 0511386230 9780511386237 0511382596 9780511382598 |