The Political Economy of American Monetary Policy (Paperback, New Ed)

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.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Release date:	1993
First published:	1990
Editors:	Thomas Mayer
Dimensions:	227 x 151 x 18mm (L x W x T)
Format:	Paperback - Trade
Pages:	326
Edition:	New Ed
ISBN-13:	978-0-521-44651-8
Categories:	Books > Business & Economics > Economics > Macroeconomics > General Books > Business & Economics > Finance & accounting > Finance > Banking Books > Money & Finance > Banking
LSN:	0-521-44651-1
Barcode:	9780521446518

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