THE MONETARY POLICY OF THE FEDERAL RESERVE by Robert L. Hetzel ( 9780521881326 )

Item Details

Title:

THE MONETARY POLICY OF THE FEDERAL RESERVE
A HISTORY

By:

Robert L. Hetzel

Format:

Hardback

List price:

£69.00

Our price:

£60.38

Discount:

12.5% off

You save:

£8.62

ISBN 10:

0521881323

ISBN 13:

9780521881326

Availability:

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Stock:

Currently 1item in stock

Publisher:

CAMBRIDGE UNIVERSITY PRESS

Pub. date:

1 March, 2008

Series:

Studies in Macroeconomic History

Pages:

408

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:

Imprint:

Cambridge University Press

Returns:

Returnable

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THE MONETARY POLICY OF THE FEDERAL RESERVE