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...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cambridge
Cambridge University Press
2008
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| Schriftenreihe: | Studies in macroeconomic history
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| Schlagworte: | |
| Online-Zugang: | DE-12 DE-473 URL des Erstveröffentlichers |
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Inhaltsangabe:
- 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