Changing the Federal Reserve's Mandate : An Economic Analysis.

Format:

Book

Government document

Author/Creator:

Library of Congress. Government Division.

Language:

English

Subjects (All):

Business cycles.

Fiscal policy.

Inflation (Finance).

Monetary policy.

Physical Description:

1 online resource (1 online resource (27 p), digital, PDF file)

monochrome

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2012.

System Details:

text file

Summary:

Reviews current statutory mandate of the Federal Reserve (Fed), and provides background on monetary policy. Explains relationship between inflation targeting and Fed mandate, and analyzes pro/con arguments for shifting to a single mandate. Analyzes possible effects of a mandate change on Fed policymaking in context of recent criticisms related to Fed handling of financial crisis and economic recession. Discusses advantages and disadvantages of different options for implementing an inflation target, and considers implementation issues surrounding an inflation target.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed May 2014). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Government Division. Changing the Federal Reserve's Mandate

Access Restriction:

Restricted for use by site license.