Federal Reserve Behavior, 1923-1931

Federal Reserve Behavior, 1923-1931

Author: Marshall E. McMahon

Publisher: Routledge

Published: 2017-08-07

Total Pages: 214

ISBN-13: 1351612824

DOWNLOAD EBOOK

The Federal Reserve System has been widely criticised for its response (or lack of response) to the economic and financial problems of 1928-1933. This period was one of frantic speculation followed by the collapse of the stock market, the banking system and the economy at large. How did the Fed let this happen, and was it to blame? This book, first published in 1993, carries out an in-depth statistical analysis of the relevant data supporting the various theories surrounding the Fed’s behaviour at the time, and is a key work in understanding the thinking of the period.


The Great Contraction, 1929-1933

The Great Contraction, 1929-1933

Author: Milton Friedman

Publisher: Princeton University Press

Published: 2008-08-31

Total Pages: 298

ISBN-13: 0691137943

DOWNLOAD EBOOK

This volume argues that the Federal Reserve could have stemmed the severity of the Depression, but failed to exercise its role of managing the monetary system and ameliorating banking panics.


A History of Macroeconomic Policy in the United States

A History of Macroeconomic Policy in the United States

Author: John H. Wood

Publisher: Routledge

Published: 2009-01-13

Total Pages: 280

ISBN-13: 1135970149

DOWNLOAD EBOOK

This book examines the controlling influences that drive macroeconomic policies in the United States. It addresses the history of the interests, ideas, and practices of monetary and fiscal policies in the United States.


The Historical Performance of the Federal Reserve

The Historical Performance of the Federal Reserve

Author: Michael D. Bordo

Publisher: Hoover Press

Published: 2019-06-01

Total Pages: 718

ISBN-13: 0817922164

DOWNLOAD EBOOK

Distinguished economist Michael D. Bordo argues for the importance of monetary stability and monetary rules, offering theoretical, empirical, and historical perspectives to support his case. He shows how the pursuit of stable monetary policy guided by central banks following rule-like behavior produces low and stable inflation, stable real performance, and encourages financial stability. In contrast, he explains how the failure to adhere to rules that produce monetary stability will inevitably produce the dire consequences of real, nominal, and financial instability. Bordo also examines the performance of the Federal Reserve and he reviews the history of monetary policy during the Great Depression.