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Controlling Money: The Federal Reserve and Its Critics

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This book analyzes three common sources on confusion about Federal Reserve policy: an inadequate comprehension of the differences among alternative operating procedures available to the Federal Reserve and the consequences of choosing one set of procedures rather than another, a tendency to ignore or deemphasize the importance of nonpolicy factors in determining month-to-month variations in the money stock, and a failure to understand the two-stage decision process implicit in the use of a target path for money as a ...

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Controlling Money: The Federal Reserve and Its Critics 1983, Brookings Institution Press

ISBN-13: 9780815711353

Illustrated

Trade paperback

Controlling Money: The Federal Reserve & Its Critics 1983, Brookings Institution Press

ISBN-13: 9780815711360

Unabridged

Hardcover