The Political Economy of American Monetary Policy
Edited by Thomas Mayer
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Political Economy of American Monetary Policy by Thomas Mayer
Book DescriptionThis 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.
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Book DetailsISBN: 9780521446518
(228mm x 152mm x 17mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 29-Jan-1993
Country of Publication: United Kingdom
Books By Author Thomas Mayer
Paper Money Collapse, Hardback (September 2014)
Explore the inevitable collapse of the fiat monetary system Paper Money Collapse: The Folly of Elastic Money, Second Edition challenges the mainstream consensus on money and monetary policy.
Invitation to Economics, Hardback (December 2008)» View all books by Thomas Mayer
Our media is filled with stories of economics and policymaking. This book helps you to keep your head above water in this sea of information by empowering you to spot naive and spurious economic arguments. In short, this book will help you become a critical consumer of economic arguments.
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