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A Century of Monetary Policy at the FedUnderstanding the Basics from a Contemporary Perspective

A Century of Monetary Policy at the Fed: Understanding the Basics from a Contemporary Perspective [What does the Fed think about how the economy functions and how the institution itself makes, conducts, and discusses its monetary policy? This chapter elucidates the general principles of the Fed’s views. Thus, it affords useful background for the detailed chapters that follow on the Bernanke era, which of course can’t avoid these issues. Federal Reserve personnel and conventional macroeconomists predominately see eye to eye, though both suffer lacunas.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Century of Monetary Policy at the FedUnderstanding the Basics from a Contemporary Perspective

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Publisher
Palgrave Macmillan US
Copyright
© The Editor(s) (if applicable) and The Author(s) 2016
ISBN
978-1-349-88757-6
Pages
57 –74
DOI
10.1007/978-1-137-57859-4_5
Publisher site
See Chapter on Publisher Site

Abstract

[What does the Fed think about how the economy functions and how the institution itself makes, conducts, and discusses its monetary policy? This chapter elucidates the general principles of the Fed’s views. Thus, it affords useful background for the detailed chapters that follow on the Bernanke era, which of course can’t avoid these issues. Federal Reserve personnel and conventional macroeconomists predominately see eye to eye, though both suffer lacunas.]

Published: Jan 29, 2016

Keywords: Interest Rate; Monetary Policy; Central Bank; Real Interest Rate; Natural Rate

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