Monetary Policy In The United States

Author : Richard H. Timberlake
Publisher : University of Chicago Press
Page : 528 pages
File Size : 51,6 Mb
Release : 1993-11-03
Category : Business & Economics
ISBN : 9780226803845

Get Book

Monetary Policy in the United States by Richard H. Timberlake Pdf

In this extensive history of U.S. monetary policy, Richard H. Timberlake chronicles the intellectual, political, and economic developments that prompted the use of central banking institutions to regulate the monetary systems. After describing the constitutional principles that the Founding Fathers laid down to prevent state and federal governments from printing money. Timberlake shows how the First and Second Banks of the United States gradually assumed the central banking powers that were originally denied them. Drawing on congressional debates, government documents, and other primary sources, he analyses the origins and constitutionality of the greenbacks and examines the evolution of clearinghouse associations as private lenders of last resort. He completes this history with a study of the legislation that fundamentally changed the power and scope of the Federal Reserve System—the Banking Act of 1935 and the Monetary Control Act of 1980. Writing in nontechnical language, Timberlake demystifies two centuries of monetary policy. He concludes that central banking has been largely a series of politically inspired government-serving actions that have burdened the private economy.

Author : Board of Governors of the Federal Reserve System
Publisher : Unknown
Page : 0 pages
File Size : 43,9 Mb
Release : 2002
Category : Banks and Banking
ISBN : 0894991965

Get Book

The Federal Reserve System Purposes and Functions by Board of Governors of the Federal Reserve System Pdf

Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.

Author : American Assembly
Publisher : Unknown
Page : 252 pages
File Size : 43,7 Mb
Release : 1958
Category : Currency question
ISBN : UCAL:B3377081

Get Book

United States Monetary Policy by American Assembly Pdf

Author : United States. Congress. House. Committee on Financial Services
Publisher : Unknown
Page : 98 pages
File Size : 48,8 Mb
Release : 2007
Category : Electronic government information
ISBN : STANFORD:36105050451728

Get Book

Monetary Policy and the State of the Economy by United States. Congress. House. Committee on Financial Services Pdf

Author : Michael Bordo,John Cochrane,Amit Seru
Publisher : Hoover Press
Page : 200 pages
File Size : 49,9 Mb
Release : 2018-03-01
Category : Business & Economics
ISBN : 9780817921361

Get Book

Structural Foundations of Monetary Policy by Michael Bordo,John Cochrane,Amit Seru Pdf

In The Structural Foundations of Monetary Policy, Michael D. Bordo, John H. Cochrane, and Amit Seru bring together discussions and presentations from the Hoover Institution's annual monetary policy conference. The conference participants discuss long-run monetary issues facing the world economy, with an emphasis on deep, unresolved structural questions. They explore vital issues affecting the Federal Reserve, the United States' central bank. They voice concern over the Fed's independence, governance, and ability to withstand future shocks and analyze the effects of its monetary policies and growing balance sheet in the wake of the 2008 financial crisis. The authors ask a range of questions that get to the heart of twenty-first-century monetary policy. Finally they propose reforms to ensure that the Fed will remain independent, stable, strong, and resilient in an unpredictable world.

Author : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Domestic Monetary Policy
Publisher : Unknown
Page : 272 pages
File Size : 40,5 Mb
Release : 1985
Category : Monetary policy
ISBN : LOC:00160520474

Get Book

Conduct of Monetary Policy by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Domestic Monetary Policy Pdf

Author : United States. Congress. Joint Economic Committee
Publisher : Unknown
Page : 92 pages
File Size : 54,5 Mb
Release : 1952
Category : Credit
ISBN : UOM:39015021555613

Get Book

Monetary Policy and the Management of the Public Debt by United States. Congress. Joint Economic Committee Pdf

Author : United States. Congress. Joint Economic Committee
Publisher : Unknown
Page : 346 pages
File Size : 48,6 Mb
Release : 1954
Category : Currency question
ISBN : LOC:00220795895

Get Book

United States Monetary Policy by United States. Congress. Joint Economic Committee Pdf

Author : United States. Congress. House. Committee on Banking, Currency and Housing. Subcommittee on Domestic Monetary Policy
Publisher : Unknown
Page : 364 pages
File Size : 42,6 Mb
Release : 1976
Category : Monetary policy
ISBN : STANFORD:36105045164618

Get Book

The Impact of the Federal Reserve's Money Policies on the Economy by United States. Congress. House. Committee on Banking, Currency and Housing. Subcommittee on Domestic Monetary Policy Pdf

Author : Milton Friedman,Anna Jacobson Schwartz
Publisher : Princeton University Press
Page : 889 pages
File Size : 42,9 Mb
Release : 2008-09-02
Category : Business & Economics
ISBN : 9781400829330

Get Book

A Monetary History of the United States, 1867-1960 by Milton Friedman,Anna Jacobson Schwartz Pdf

Writing in the June 1965 issue of theEconomic Journal, Harry G. Johnson begins with a sentence seemingly calibrated to the scale of the book he set himself to review: "The long-awaited monetary history of the United States by Friedman and Schwartz is in every sense of the term a monumental scholarly achievement--monumental in its sheer bulk, monumental in the definitiveness of its treatment of innumerable issues, large and small . . . monumental, above all, in the theoretical and statistical effort and ingenuity that have been brought to bear on the solution of complex and subtle economic issues." Friedman and Schwartz marshaled massive historical data and sharp analytics to support the claim that monetary policy--steady control of the money supply--matters profoundly in the management of the nation's economy, especially in navigating serious economic fluctuations. In their influential chapter 7, The Great Contraction--which Princeton published in 1965 as a separate paperback--they address the central economic event of the century, the Depression. According to Hugh Rockoff, writing in January 1965: "If Great Depressions could be prevented through timely actions by the monetary authority (or by a monetary rule), as Friedman and Schwartz had contended, then the case for market economies was measurably stronger." Milton Friedman won the Nobel Prize in Economics in 1976 for work related to A Monetary History as well as to his other Princeton University Press book, A Theory of the Consumption Function (1957).

Author : Stephen L. Neal,United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Domestic Monetary Policy
Publisher : Unknown
Page : 46 pages
File Size : 53,7 Mb
Release : 1988
Category : Economic indicators
ISBN : UCR:31210015469552

Get Book

Report on the Conduct of Monetary Policy by Stephen L. Neal,United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Domestic Monetary Policy Pdf

Author : Elias C. Grivoyannis
Publisher : Praeger
Page : 232 pages
File Size : 42,6 Mb
Release : 1991-02-28
Category : Business & Economics
ISBN : UOM:39015019605065

Get Book

Current Issues in Monetary Policy in the United States and Japan by Elias C. Grivoyannis Pdf

This study investigates the econometric properties of the demand-for-money function as it affects monetary policy. Particular emphasis is placed throughout on the general properties of conventional and alternative demand-for-money specifications and on the predictability of those specifications over time. The data sets used for the econometric work of this study constitute an important contribution for the empirical demand for money literature. Most of the existing literature on money demand has been based on U.S. data. An important criticism of that literature is that the various hypotheses about post-1974 demand for money in the United States have been tested on the same body of data that originally suggested the hypotheses. Grivoyannis here uses a new data set-the Japanese data base-for the first time, comparing the results with those obtained for the United States. The comparison is justified because of the significant similarities between the U.S. and Japanese monetary sectors. Thus Grivoyannis is able to reliably test proposed explanations for the recent abnormal behavior of U.S. money demand on a different set of data and offer important new insights into the general properties of money demand functions. Grivoyannis begins by examining conventional short-run demand-for-money specifications, presenting estimation and simulation results from log-level and log-first-difference specifications for both countries. These results are then compared with data-driven best-variable specifications. In Chapter 2, the author separates the demand for real M1 into the demand for currency and the demand for demand deposits in order to determine the main source of the function's instability. Sectorally disaggregated demands for real M1 by money holder are also examined in depth. Alternative specifications, which attempt to take into consideration institutional events as well as financial innovation and deregulation, form the focus of the third chapter. Grivoyannis' conclusions support the general suspicion among policy makers that the assumed stability of the money demand relationship has collapsed. Required reading for scholars of monetary policy, econometrics, and macroeconomics, this study will also be of significant interest to students of international finance and banking.

Author : United States. Congress. House. Committee on Financial Services. Subcommittee on Domestic Monetary Policy and Technology
Publisher : Unknown
Page : 64 pages
File Size : 42,7 Mb
Release : 2011
Category : Business & Economics
ISBN : UCSD:31822037827672

Get Book

The Relationship of Monetary Policy and Rising Prices by United States. Congress. House. Committee on Financial Services. Subcommittee on Domestic Monetary Policy and Technology Pdf

Author : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Domestic Monetary Policy
Publisher : Unknown
Page : 196 pages
File Size : 47,6 Mb
Release : 1982
Category : Credit
ISBN : UVA:X004712316

Get Book

Present and Future Conditions of Credit Markets by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Domestic Monetary Policy Pdf

Author : Christopher Leonard
Publisher : Simon and Schuster
Page : 384 pages
File Size : 49,7 Mb
Release : 2023-01-10
Category : Business & Economics
ISBN : 9781982166649

Get Book

The Lords of Easy Money by Christopher Leonard Pdf

The New York Times bestseller from business journalist Christopher Leonard infiltrates one of America’s most mysterious institutions—the Federal Reserve—to show how its policies spearheaded by Chairman Jerome Powell over the past ten years have accelerated income inequality and put our country’s economic stability at risk. If you asked most people what forces led to today’s unprecedented income inequality and financial crashes, no one would say the Federal Reserve. For most of its history, the Fed has enjoyed the fawning adoration of the press. When the economy grew, it was credited to the Fed. When the economy imploded in 2008, the Fed got credit for rescuing us. But here, for the first time, is the inside story of how the Fed has reshaped the American economy for the worse. It all started on November 3, 2010, when the Fed began a radical intervention called quantitative easing. In just a few short years, the Fed more than quadrupled the money supply with one goal: to encourage banks and other investors to extend more risky debt. Leaders at the Fed knew that they were undertaking a bold experiment that would produce few real jobs, with long-term risks that were hard to measure. But the Fed proceeded anyway…and then found itself trapped. Once it printed all that money, there was no way to withdraw it from circulation. The Fed tried several times, only to see the market start to crash, at which point the Fed turned the money spigot back on. That’s what it did when COVID hit, printing 300 years’ worth of money in a few short months. Which brings us to now: Ten years on, the gap between the rich and poor has grown dramatically, inflation is raging, and the stock market is driven by boom, busts, and bailouts. Middle-class Americans seem stuck in a stage of permanent stagnation, with wage gains wiped out by high prices even as they remain buried under credit card debt, car loan debt, and student debt. Meanwhile, the “too big to fail” banks remain bigger and more powerful than ever while the richest Americans enjoy the gains of a hyper-charged financial system. The Lords of Easy Money “skillfully” (The Wall Street Journal) tells the “fascinating” (The New York Times) tale of how quantitative easing is imperiling the American economy through the story of the one man who tried to warn us. This is the first inside story of how we really got here—and why our economy rests on such unstable ground.