The monetary policy of the Federal Reserve a history
This book 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 standa...
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New York
Cambridge University Press
2008
|
| Series: | Studies in macroeconomic history
|
| Subjects: | |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Call Number : | HG 2565 .H48 2008 |
MARC
| LEADER | 00000nam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | 91001 | ||
| 003 | MY-KLNDU | ||
| 005 | 20241220003132.0 | ||
| 008 | 221104s20082008xxua b 001 0 eng d | ||
| 020 | |a 9780521881326 (hbk) | ||
| 039 | 9 | |a 202211041308 |b VLOAD |c 202202071135 |d rafizah |y 202007061344 |z shahrim | |
| 040 | |a UPNM |b eng |c UPNM |e rda | ||
| 090 | |a HG 2565 |b .H48 2008 | ||
| 100 | 1 | |a Hetzel, Robert L. |e author | |
| 245 | 1 | 4 | |a The monetary policy of the Federal Reserve |b a history |c Robert L. Hetzel |
| 264 | 1 | |a New York |b Cambridge University Press |c 2008 | |
| 264 | 4 | |c © 2008 | |
| 300 | |a xvi, 390 pages |b illustrations |c 24 cm. | ||
| 336 | |a text |2 rdacontent | ||
| 337 | |a unmediated |2 rdamedia | ||
| 338 | |a volume |2 rdacarrier | ||
| 490 | 1 | |a Studies in macroeconomic history | |
| 504 | |a Includes bibliographical references and index | ||
| 505 | 0 | |a The pragmatic evolution of the monetary standard -- Learning and policy ambiguity -- From gold to Fiat money -- From World War II to the Accord -- Martin and Lean-against-the-Wind -- Inflation is a nonmonetary phenomenon -- The start of the Great Inflation -- Arthur Burns and Richard Nixon -- Bretton Woods -- Policy in the Ford administration -- Carter, Burns, and Miller -- The political economy of inflation -- The Volcker Disinflation -- Monetary policy after the Disinflation -- Greenspan's move to price stability -- International bailouts and moral hazard -- Monetary policy becomes expansionary -- Departing from the Standard Procedures -- Boom and bust: 1997 to 2001 -- Backing off from price stability -- The Volcker-Greenspan regime -- The Fed: inflation fighter or inflation creator? -- The Stop-Go laboratory -- Stop-Go and interest rate inertia -- Monetary nonneutrality in the Stop-Go era -- A century of monetary experiments | |
| 520 | |a This book 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. This book explains in a straightforward way the emergence and nature of the modern, inflation-targeting central bank. | ||
| 592 | |a 0106/HL/2020 |b 4/9/2020 |c RM 306.38 |h Han Lin Books | ||
| 610 | 1 | 0 | |a United States. |b Federal Reserve Board |
| 650 | 0 | |a Monetary policy |z United States | |
| 650 | 0 | |a Banks and banking, Central |z United States | |
| 830 | 0 | |a Studies in macroeconomic history | |
| 999 | |a vtls000065897 |c 91001 |d 91001 | ||