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The monetary policy of the Federal Reserve : = a history /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	The monetary policy of the Federal Reserve :/ Robert L. Hetzel.
Reminder of title:	a history /
Author:	Hetzel, Robert L.,
Description:	1 online resource (xvi, 390 pages) :digital, PDF file(s). :
Notes:	Title from publisher's bibliographic system (viewed on 05 Oct 2015).
Subject:	Monetary policy - United States. -
Online resource:	https://doi.org/10.1017/CBO9780511754173
ISBN:	9780511754173 (ebook)

The monetary policy of the Federal Reserve : = a history /
Hetzel, Robert L.,

The monetary policy of the Federal Reserve :a history /Robert L. Hetzel. - 1 online resource (xvi, 390 pages) :digital, PDF file(s). - Studies in macroeconomic history. - Studies in macroeconomic history..

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

The pragmatic evolution of the monetary standard --

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.

ISBN: 9780511754173 (ebook)Subjects--Corporate Names:

938078
United States.
Federal Reserve Board.Subjects--Topical Terms:

585697
Monetary policy
--United States.

LC Class. No.: HG2565 / .H48 2008

Dewey Class. No.: 339.5/30973

The monetary policy of the Federal Reserve : = a history /
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245 1 4 $a The monetary policy of the Federal Reserve : $b a history / $c Robert L. Hetzel.
264 1 $a Cambridge : $b Cambridge University Press, $c 2008.
300 $a 1 online resource (xvi, 390 pages) : $b digital, PDF file(s).
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338 $a online resource $b cr $2 rdacarrier
490 1 $a Studies in macroeconomic history
500 $a Title from publisher's bibliographic system (viewed on 05 Oct 2015).
505 0 0 $t The pragmatic evolution of the monetary standard -- $t Learning and policy ambiguity -- $t From gold to Fiat money -- $t From World War II to the Accord -- $t Martin and Lean-against-the-Wind -- $t Inflation is a nonmonetary phenomenon -- $t The start of the Great Inflation -- $t Arthur Burns and Richard Nixon -- $t Bretton Woods -- $t Policy in the Ford administration -- $t Carter, Burns, and Miller -- $t The political economy of inflation -- $t The Volcker Disinflation -- $t Monetary policy after the Disinflation -- $t Greenspan's move to price stability -- $t International bailouts and moral hazard -- $t Monetary policy becomes expansionary -- $t Departing from the Standard Procedures -- $t Boom and bust: 1997 to 2001 -- $t Backing off from price stability -- $t The Volcker-Greenspan regime -- $t The Fed: inflation fighter or inflation creator? -- $t The Stop-Go laboratory -- $t Stop-Go and interest rate inertia -- $t Monetary nonneutrality in the Stop-Go era -- $t A century of monetary experiments.
520 $a 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.
610 1 0 $a United States. $b Federal Reserve Board. $3 938078
650 0 $a Monetary policy $z United States. $3 585697
650 0 $a Banks and banking, Central $z United States. $3 800247
776 0 8 $i Print version: $z 9780521881326
830 0 $a Studies in macroeconomic history. $3 1294176
856 4 0 $u https://doi.org/10.1017/CBO9780511754173