The Political Economy of American Monetary Policy - Hardcover

9780521363167: The Political Economy of American Monetary Policy

Hardcover

ISBN 10: 0521363160 ISBN 13: 9780521363167

Publisher: Cambridge University Press, 1990

This collection of essays examines the institutional framework in which monetary policy is made. The essays consider two questions: how free is the Fed to set monetary policy and to what extent do organisational problems affect the choice of that monetary policy? Topics covered include the Fed's response to movements on its goals, Congressional and presidential pressures on the Fed, the existence of political business cycles operating through monetary policy, and the extent to which monetary policy may be explained by the Fed's own interests. A final section examines the claim that the Federal Reserve follows counter-cyclical policy and evaluates its performance as a lender to banks both in normal times and as a lender of last resort.

"synopsis" may belong to another edition of this title.

Review:

"In summary, this volume presents a diverse and comprehensive set of hypotheses of Federal Reserve behavior that many readers will find interesting." Robert H. Rasche, Journal of Economic Literature

Book Description:

This collection examines the institutional framework in which monetary policy is made. The essays consider two questions: how free is the Fed to set monetary policy and to what extent do organisational problems affect the choice of that monetary policy?

"About this title" may belong to another edition of this title.