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portada Improving Money Stock Control: Problems, Solutions, and Consequences
Type
Physical Book
Author
Publisher
Language
English
Pages
198
Format
Paperback
Dimensions
22.9x15.2x1.2 cm
Weight
0.29 kg.
ISBN13
9789401718479
Categories

Improving Money Stock Control: Problems, Solutions, and Consequences

L. H. Meyer (Author) · Springer · Paperback

Improving Money Stock Control: Problems, Solutions, and Consequences - Meyer, L. H.

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Synopsis "Improving Money Stock Control: Problems, Solutions, and Consequences"

On October 30-31,1981, the Center for the Study of American Business and the Federal Reserve Bank of St. Louis cosponsored their sixth annual conference, "Improving Money Stock Control: Problems, Solutions, and Consequences." This book contains the papers and comments delivered at that conference. The Federal Reserve System has moved, over the last decade, toward setting policy in terms of explicit and publicly announced monetary aggre- gate targets - specifically, growth ranges for alternative measures of the money supply. This conference, as the title suggests, was wide ranging in its discussions of monetary control. But rather than dealing with the merits of monetary aggregate targeting, its focus was instead on solving the problems associated with, and evaluating the consequences of, im- proved monetary control. The initial paper outlines the current operating procedures followed by the Federal Reserve and suggests reforms to improve monetary control. The following three discussion papers in Part I critically examine the Fed's operating procedures. The two papers in Part II discuss the experi- ence of other countries with monetary aggregate targeting - the United Kingdom and Switzerland, respectively - and Part III examines the con- sequences of improved monetary control.

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