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  3. The Historical Performance of the Federal Reserve: The Importance of Rules Volume 695

The Historical Performance of the Federal Reserve: The Importance of Rules Volume 695

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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.

Informacija

Autorius: Michael D. Bordo
Leidėjas: Hoover Institution Press
Išleidimo metai: 2019
Knygos puslapių skaičius: 648
ISBN-13: 9780817922146
Formatas: 6 x 1.9 x 9 inches. Knyga kietu viršeliu
Kalba: Anglų

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