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The Monetary Policy of the Federal Reserve
By:Robert L. Hetzel
Published on 2008-03-17 by Cambridge University Press

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.

This Book was ranked at 8 by Google Books for keyword Monetary reform.

Book ID of The Monetary Policy of the Federal Reserve's Books is KJs1WDN54wEC, Book which was written byRobert L. Hetzelhave ETAG "I8UzwsOXpFw"

Book which was published by Cambridge University Press since 2008-03-17 have ISBNs, ISBN 13 Code is 9781139470643 and ISBN 10 Code is 1139470647

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Book which have " Pages" is Printed at BOOK under CategoryPolitical Science

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