Can the Federal Reserve Effectively Target Main Street? Evidence from the 1970s Recession

2020 ◽  
Author(s):  
John Kandrac
Keyword(s):  
Federal Reserve ◽  
Main Street

The Priority of Democracy

2011 ◽  
Author(s):  
Jack Knight ◽  
James Johnson
Keyword(s):  
Decision Making ◽  
Monetary Policy ◽  
Political Institutions ◽  
Federal Reserve ◽  
Democratic Politics ◽  
Institutional Choice ◽  
Democratic Process ◽  
Strong Case ◽  
The Subject ◽  
The Relationship

Pragmatism and its consequences are central issues in American politics today, yet scholars rarely examine in detail the relationship between pragmatism and politics. This book systematically explores the subject and makes a strong case for adopting a pragmatist approach to democratic politics—and for giving priority to democracy in the process of selecting and reforming political institutions. What is the primary value of democracy? When should we make decisions democratically and when should we rely on markets? And when should we accept the decisions of unelected officials, such as judges or bureaucrats? This book explores how a commitment to pragmatism should affect our answers to such important questions. It concludes that democracy is a good way of determining how these kinds of decisions should be made—even if what the democratic process determines is that not all decisions should be made democratically. So, for example, the democratically elected U.S. Congress may legitimately remove monetary policy from democratic decision-making by putting it under the control of the Federal Reserve. This book argues that pragmatism offers an original and compelling justification of democracy in terms of the unique contributions democratic institutions can make to processes of institutional choice. This focus highlights the important role that democracy plays, not in achieving consensus or commonality, but rather in addressing conflicts. Indeed, the book suggest that democratic politics is perhaps best seen less as a way of reaching consensus or agreement than as a way of structuring the terms of persistent disagreement.

What Explains the Stock Market's Reaction to Federal Reserve Policy?

CFA Digest ◽  
2005 ◽  
Vol 35 (4) ◽  
pp. 58-60
Author(s):  
Chenchuramaiah T. Bathala
Keyword(s):  
Federal Reserve ◽  
Federal Reserve Policy

A Note: Has Federal Reserve Policy Changed?

1966 ◽  
Vol 22 (5) ◽  
pp. 105-107 ◽  
Author(s):  
Myrtle Brickman
Keyword(s):  
Federal Reserve ◽  
Federal Reserve Policy
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