Robert L. Hetzel

The Monetary Policy of the Federal Reserve

A History

• Gebundenes Buch

Produktbeschreibung

The Monetary Policy of the Federal Reserve details the evolution of the monetary standard from the start of the Federal Reserve through the end of the Greenspan era. Monetary Policy explains in a straightforward way the emergence and nature of the modern, inflation-targeting central bank.

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Produktdetails

• Studies in Macroeconomic History
• Verlag: Cambridge University Press
• Seitenzahl: 408
• Erscheinungstermin: 1. März 2008
• Englisch
• Abmessung: 240mm x 161mm x 28mm
• Gewicht: 788g
• ISBN-13: 9780521881326
• ISBN-10: 0521881323
• Artikelnr.: 23527436

Inhaltsangabe

Foreword: what is the monetary standard?
1. The pragmatic evolution of the monetary standard
2. Learning and policy ambiguity
3. From gold to fiat money
4. From World War II to the Accord
5. Martin and lean-against-the-wind
6. Inflation is a nonmonetary phenomenon
7. The start of the great inflation
8. Arthur Burns and Richard Nixon
9. Bretton Woods
10. Policy in the Ford administration
11. Carter, Burns, and Miller
12. The political economy of inflation
13. The Volcker disinflation
14. Monetary policy after the disinflation
15. Greenspan's move to price stability
16. International bailouts and moral hazard
17. Monetary policy becomes expansionary
18. Departing from the standard procedures
19. Boom and bust
20. Backing off from price stability
21. The Volcker-Greenspan regime
22. The Fed: inflation fighter or inflation creator?
23. The stop-go laboratory
24. Stop-go and interest rate inertia
25. Monetary nonneutrality in the stop-go era
26. A century of monetary experiments.