Lessons from the early history of the federal reserve
Author(s) -
Allan H. Meltzer
Publication year - 2000
Publication title -
atlantic economic journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.216
H-Index - 23
eISSN - 1573-9678
pISSN - 0197-4254
DOI - 10.1007/bf02298317
Subject(s) - formative assessment , public finance , institution , monetary policy , economics , macroeconomics , political science , sociology , law , pedagogy
We meet in Germany a little more than one year after the start of a new monetary institution, modeled in part as a federal system like the Federal Reserve with policy operations like those of the Bundesbank. For the past five years, one of my main occupations has been the early history of the Federal Reserve. I have looked in detail at its voluminous records of its formative years. My talk today is a brief summary of some things I have learned.
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