Federal Reserve Policy Reappraised, 1951-1959 / Daniel S. Ahearn.

Format:

Book

Author/Creator:

Ahearn, Daniel S., author.

Language:

English

Subjects (All):

Monetary policy--United States.

Monetary policy.

Federal Reserve banks.

Physical Description:

1 online resource

Edition:

First edition.

Place of Publication:

New York : Columbia University Press, [1963]

Language Note:

In English.

Summary:

Evaluates monetary policies of the Federal Reserve for effectiveness in influencing monetary variables and the financial markets from 1951-1959.

Contents:

Frontmatter

Acknowledgments

Contents

Tables

Introduction

Part I. The Background of the Return to Flexible Monetary Policy

I. The Revival of Belief in Flexible Monetary Policy: 1945-1951

II. The New Theory of Monetary Management: The Roosa Doctrine

ΙII. The Federal Reserve Board's Conception of Monetary Management: A Return to Orthodoxy and Tradition in Practice

Part II. The Federal Reserve's Use of Monetary Instruments

IV. Open Market Operations and the Policy of Dealing in "Bills Only"

V. The Controversy about "Bills Only" and the Efficacy of Monetary Policy

VI. The Record of "Bills Only" in the Application of Monetary Policy

VII. The Use of the Discount Mechanism

VIII. Changes in Cash Reserve Requirements as a Credit Control Instrument

IX. The Failure to Use Selective Credit Controls

Part III. The Federal Reserve's Control Over Financial Variables

X. The Federal Reserve's Control of the Money Supply

XI. The Problem of the Velocity of Money

XII. The Influence of Changing Long-Term Interest Rates and Capital Values on Financial Institutions

Part IV. Summary

XIII. Findings and Conclusions of the Study

Bibliography

Index

Notes:

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 08. Jul 2019)

Description based on print version record.

ISBN:

9780231882170

0231882173

OCLC:

1102791343