The Transmission Mechanism of Monetary Policy

– March 10, 2010

“Economists do not agree about how monetary policy affects the economy. Different observers weigh in different ways the various specific channels through which monetary policy works. Views diverge even about the monetary transmission process in individ …

READ MORE

Monetary Policy Operating Procedures

– March 10, 2010

“This work provides an overview of monetary policy operating procedures in emerging market economies. Most of the discussion reflects the situation in mid-1998. The emphasis is on general principles although in practice country-specific factors conditi …

READ MORE

“Belongia on the Fed”

– March 9, 2010

“Michael Belongia of the University of Mississippi and former economist at the St. Louis Federal Reserve talks with EconTalk host Russ Roberts about the inner workings, politics, and economics of the Federal Reserve. Belongia talks about the role that …

READ MORE

The Yo-Yo Tactic: Stop and Go Economics

– February 12, 2010

In an op-ed for the Wall Street Journal, Fed Chairman Ben Bernanke commented on his “exit strategy”. There is a large amount of money floating around in the economy, and the Fed is finally starting to worry about it. Thus far, banks have held back the …

READ MORE

The Rationale of Central Banking and the Free Banking Alternative

– December 9, 2009

“In the present century centralised banking systems have come to be regarded as the usual concomitant, if not one of the conditions of the attainment of an advanced stage of economic development. The belief in the desirability of central bank organisat …

READ MORE

Further Tests of Monetary Policy

– June 14, 1954

Research Reports – 06/14/1954

READ MORE

Monetary, Credit, and Fiscal Policies

– April 3, 1950

Research Reports – 04/03/1950

READ MORE

Monetary, Credit, and Fiscal Policies

– March 20, 1950

Research Reports – 03/20/1950

READ MORE