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portada The Political Economy of American Monetary Policy
Type
Physical Book
Year
1993
Language
English
Pages
326
Format
Paperback
ISBN
0521446511
ISBN13
9780521446518
Edition No.
00002
Categories

The Political Economy of American Monetary Policy

Mayer, Thomas (Author) · Cambridge University Press · Paperback

The Political Economy of American Monetary Policy - Mayer, Thomas

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£ 41.89

  • Condition: New
Origin: Spain (Import costs included in the price)
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Synopsis "The Political Economy of American Monetary Policy"

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.

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