The Historical Performance of the Federal Reserve is popular PDF and ePub book, written by Michael D. Bordo in 2019-06-01, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Historical Performance of the Federal Reserve can be Read Online from any device for your convenience.
The Historical Performance of the Federal Reserve Book PDF Summary
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.
Detail Book of The Historical Performance of the Federal Reserve PDF
- Author : Michael D. Bordo
- Release : 01 June 2019
- Publisher : Hoover Press
- ISBN : 9780817922160
- Genre : Business & Economics
- Total Page : 718 pages
- Language : English
- PDF File Size : 21,6 Mb
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