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.

Finance--Law and legislation.

Finance.

Fiscal policy.

Physical Description:

1 online resource

Contained In:

ProQuest U.S. Congressional Research Digital Collection

Place of Publication:

[United States] [publisher not identified] 2011

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:

CRS Report

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Jan. 2013). Reuse except for individual research requires license from ProQuest, LLC

Vendor supplied data

Other Format:

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

Publisher Number:

CRS-2011-GVF-0171

Access Restriction:

Restricted for use by site license