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“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“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“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 MOREIn 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“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 MOREResearch Reports – 1990, Issue: 12 Creating A Money Economy: Eastern Europe’s Crucial Challenge The following remarks have been excerpted from University of Zurich Professor Willy Linder’s “Monetary Aspects of Recent Developments in Eastern Europe,” wh …
READ MOREEconomic Education Bulletin Vol. XXVIII, no. 6 | June, 1988 includes content by Dr. James M. Buchanan, and Dr. Peter Bernholz
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