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Item Details
| Title:
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THE MONETARY POLICY OF THE FEDERAL RESERVE
A HISTORY |
| By: |
Robert L. Hetzel |
| Format: |
Electronic book text |
| List price:
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£162.00 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
0511754175 |
| ISBN 13: |
9780511754173 |
| Publisher: |
CAMBRIDGE UNIVERSITY PRESS |
| Pub. date: |
26 May, 2010 |
| Series: |
Studies in Macroeconomic History |
| Description: |
The evolution of the monetary standard from the start of the Federal Reserve through the end of the Greenspan era. |
| Synopsis: |
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. |
| Illustrations: |
50 tables |
| Publication: |
UK |
| Imprint: |
Cambridge University Press (Virtual Publishing) |
| Returns: |
Non-returnable |
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