Monetary policy on the 75th anniversary of the federal reserve system Edited by Michael T. Belongia Amsterdam: Kluwer Academic Publishers, 1991, 278 pp.

1991 ◽  
Vol 19 (4) ◽  
pp. 45-50
Author(s):  
David D. Vanhoose
Keyword(s):  
Monetary Policy ◽  
Federal Reserve ◽  
75Th Anniversary ◽  
Federal Reserve System ◽  
Reserve System

CHALLENGES OF DEVELOPMENT OF AN ANTI-CRISIS STRATEGY TO OVERCOME THE CORONOVIRUS PANDEMIC AND ITS CONSEQUENCES

2020 ◽  
pp. 68-83
Author(s):  
Elena Lutskaya ◽  
Keyword(s):  
Monetary Policy ◽  
Federal Reserve ◽  
Financial System ◽  
Global Markets ◽  
Federal Reserve System ◽  
Us Economy ◽  
The Us ◽  
Reserve System

The article examines the views of Western researchers on overcoming the COVID-19 crisis and its consequences. The main focus is on the monetary policy of the Federal Reserve system - the most developed financial system that affects both the US economy and global markets.

Understanding Interest Rates and the Economy

2019 ◽  
pp. 81-110 ◽  
Author(s):  
Alan N. Rechtschaffen
Keyword(s):  
United States ◽  
Monetary Policy ◽  
Interest Rates ◽  
Federal Reserve ◽  
Balance Sheet ◽  
The United States ◽  
Federal Reserve System ◽  
Federal Open Market Committee ◽  
Reserve Banking ◽  
Reserve System

This chapter begins with a discussion of the Federal Reserve and the Federal Reserve Banking System. The Federal Reserve System was created by Congress under the Federal Reserve Act “to provide for the establishment of federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States and for other purposes.” The Federal Reserve System comprises a central Board of Governors appointed by the president of the United States and confirmed by the Senate, and 12 regional Reserve banks. Monetary policy is set by the Federal Open Market Committee (FOMC). The remainder of the chapter covers monetary policy, quantitative easing, balance sheet normalization and the FOMC minutes.

Banking and Monetary Policy in American Economic History from the Formation of the Federal Reserve

2018 ◽  
pp. 276-304
Author(s):  
Gary Richardson
Keyword(s):  
United States ◽  
Monetary Policy ◽  
Federal Reserve ◽  
Economic History ◽  
Commercial Banks ◽  
The United States ◽  
Washington Dc ◽  
United States Congress ◽  
Federal Reserve System ◽  
Reserve System

The United States Congress created the Federal Reserve System in 1913. The System consists of the Federal Reserve Board in Washington, DC; twelve Federal Reserve Banks; and thousands of member commercial banks. This entry describes the evolution of the system and of monetary policy from its foundation through 2013.

“We Must Deflate”: The Crime of 1920 Revisited

2016 ◽  
Vol 17 (3) ◽  
pp. 618-650
Author(s):  
CHRISTOPHER W. SHAW
Keyword(s):  
Monetary Policy ◽  
World War I ◽  
Federal Reserve ◽  
Organized Labor ◽  
World War ◽  
Political Pressure ◽  
Federal Reserve System ◽  
The Great Depression ◽  
La Follette ◽  
Reserve System

Post-World War I Federal Reserve System policy focused on reducing price levels. Faith in liquidationist ideas led Federal Reserve officials to maintain tight-money policies during the depression of 1920–1921. Farmers suffering through this economic crisis objected to contemporary monetary policy. Organized labor and leading Progressive reformer Robert M. La Follette Sr. seconded their criticism. Postwar challenges to the nation’s financial leadership and its priorities bore tangible results by producing a number of notable reforms, including modifications of Federal Reserve policy and the Agricultural Credits Act of 1923. In the absence of similar political pressure during the Great Depression, the Federal Reserve System adhered to liquidationist ideas and did not pursue monetary expansion.

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