The Historical Performance of the Federal Reserve

The Importance of Rules

Business & Finance, Economics, Money & Monetary Policy
Cover of the book The Historical Performance of the Federal Reserve by Michael D. Bordo, Hoover Institution Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Michael D. Bordo ISBN: 9780817922160
Publisher: Hoover Institution Press Publication: June 1, 2019
Imprint: Hoover Institution Press Language: English
Author: Michael D. Bordo
ISBN: 9780817922160
Publisher: Hoover Institution Press
Publication: June 1, 2019
Imprint: Hoover Institution Press
Language: English

Distinguished economist Michael D. Bordo argues for the importance of monetary stability and monetary rules, offering theoretical, empirical, and historical perspectives to support his case. He shows how the pursuit of stable monetary policy guided by central banks following rule-like behavior produces low and stable inflation, stable real performance, and encourages financial stability. In contrast, he explains how the failure to adhere to rules that produce monetary stability will inevitably produce the dire consequences of real, nominal, and financial instability. Bordo also examines the performance of the Federal Reserve and he reviews the history of monetary policy during the Great Depression.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Distinguished economist Michael D. Bordo argues for the importance of monetary stability and monetary rules, offering theoretical, empirical, and historical perspectives to support his case. He shows how the pursuit of stable monetary policy guided by central banks following rule-like behavior produces low and stable inflation, stable real performance, and encourages financial stability. In contrast, he explains how the failure to adhere to rules that produce monetary stability will inevitably produce the dire consequences of real, nominal, and financial instability. Bordo also examines the performance of the Federal Reserve and he reviews the history of monetary policy during the Great Depression.

More books from Hoover Institution Press

Cover of the book Our Brave New World by Michael D. Bordo
Cover of the book How Public Policy Became War by Michael D. Bordo
Cover of the book A Primer on America's Schools by Michael D. Bordo
Cover of the book Fixing Russia's Banks by Michael D. Bordo
Cover of the book Israel Facing a New Middle East by Michael D. Bordo
Cover of the book Dear Comrades by Michael D. Bordo
Cover of the book Freedom or Terror by Michael D. Bordo
Cover of the book Gambling with Other People's Money by Michael D. Bordo
Cover of the book Motherland Lost by Michael D. Bordo
Cover of the book An Agenda for Economic Reform in Korea by Michael D. Bordo
Cover of the book Lenin and the Twentieth Century by Michael D. Bordo
Cover of the book Vietnam Under Communism, 1975–1982 by Michael D. Bordo
Cover of the book Reykjavik Revisited by Michael D. Bordo
Cover of the book Unconditional Democracy by Michael D. Bordo
Cover of the book The Best Defense? by Michael D. Bordo
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy