A Century of US Central Banking
Goals, Frameworks, Accountability
Datos Bibliográficos
| ID | 14855261 |
|---|---|
| Autores | Ben S Bernanke (Chairman of the Board of Governors of the Federal Reserve System, Washington, DC.), Ben Bernanke (Federal Reserve, autor de correspondencia) |
| Año | 2013 |
| Volumen | 27 |
| Número | 4 |
| Páginas | 3-16 |
| Fecha de publicación | 2013-11-01 |
| Peer Reviewed | Sí |
| Open Access | Sí |
| Tipo | ARTICLE |
| Revista | The Journal of Economic Perspectives (JOURNAL) |
| Identificadores de la revista | ISSN: 0895-3309 • E-ISSN: 1944-7965 |
| Editorial | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/jep.27.4.3 |
| OpenAlex | W2060294850 |
| Idioma | EN |
| Citas recibidas | 9 |
| Referencias citadas | 29 |
Several key episodes in the 100-year history of the Federal Reserve have been referred to in various contexts with the adjective “Great” attached to them: the Great Experiment of the Federal Reserve's founding, the Great Depression, the Great Inflation and subsequent disinflation, the Great Moderation, and the recent Great Recession. Here, I'll use this sequence of “Great” episodes to discuss the evolution over the past 100 years of three key aspects of Federal Reserve policymaking: the goals of policy, the policy framework, and accountability and communication. The changes over time in these three areas provide a useful perspective, I believe, on how the role and functioning of the Federal Reserve have changed since its founding in 1913, as well as some lessons for the present and for the future
Accountability · Disinflation · Economics · Great Depression · Great Moderation · Great recession · Keynesian economics · Macroeconomics · Monetary policy · Political science · Economic, financial, and policy analysis · Global Financial Crisis and Policies · Law · Monetary Policy and Economic Impact
Threadneedle street meets Lombard street
Estimation of historical inflation expectations
« Encadrer et rogner »
Walter Bagehot on central bank governance
The fiat money illusion
Politique monétaire et finance chez les Nouveaux Keynésiens
Theoretical perspectives on the new era of central banking
Currency wars in the advanced world
Communication tools
A Monetary History of the United States, 1867-1960
Discretion versus policy rules in practice
Monetary Policy Rules and Macroeconomic Stability
Staggered prices in a utility-maximizing framework
Central Bank Independence and Macroeconomic Performance
A Theory of Ambiguity, Credibility, and Inflation under Discretion and Asymmetric Information
Recent U.S. Macroeconomic Stability
The Gold Standard and the Great Depression
"Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule
Federal Reserve Monetary Policy, 1922-33
Long-Term Contracts, Rational Expectations, and the Optimal Money Supply Rule
Aggregate Dynamics and Staggered Contracts
Sticky Prices in the United States
Was Expansionary Monetary Policy Feasible during the Great Contraction? An Examination of the Gold Standard Constraint
A Monetary History of the United States, 1867-1960
Was the Federal Reserve Constrained by the Gold Standard During the Great Depression? Evidence from the 1932 Open Market Purchase Program
The Great Inflation
Inflation Targeting
Interpreting the Great Moderation
| Obras citantes distintas | 9 |
|---|---|
| Citas por año | 0,75 |
| Intervalo de citas | 2014 - 2025 (12) |
| Velocidad de citación | recent |
| Altamente citado | No |
| Tipos de cita | Neutras: 7 |