A Rehabilitation of Monetary Policy in the 1950's

American Economic Review

Volumn 92, Issue 2, 2002, Pages 121-127

  Romer, Christina D ^a   Romer, David H ^a  

^a UNIVERSITY OF CALIFORNIA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0042232526     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/000282802320189113     Document Type: Article

References (14)

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2. Board of Governors of the Federal Reserve System. 43rd Annual Report. Washington, DC: Board of Governors of the Federal Reserve System, 1956.
3. _. Minutes of the Federal Open Market Committee. Washington, DC: Board of Governors of the Federal Reserve System, various years.
4. Brunner, Karl and Meltzer, Allan H. The Federal Reserve's attachment to the free reserve concept. House Committee on Banking and Currency, 88th Congress, 2nd Session. Washington, DC: U.S. Government Printing Office, 1964, pp. 1-64.
5. Calomiris, Charles W. and Wheelock, David C. "Was the Great Depression a Watershed for American Monetary Policy?" in Michael D. Bordo, Claudia Goldin, and Eugene N. White, eds., The defining moment: The Great Depression and the American economy in the twentieth century. Chicago: University of Chicago Press, 1998, pp. 23-65.
6. Clarida, Richard; Galí, Jordi and Gertler, Mark. "Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory." Quarterly Journal of Economics, February 2000, 115(1), pp. 147-80.
7. Friedman, Milton. A program for monetary stability. New York: Fordham University Press, 1960.
8. Greenspan, Alan. "Current Monetary Policy." Speech at the Stern School of Business, New York University, 8 May 1997.
9. Martens, Edward J. "Federal Funds: A Money Market Device." Unpublished manuscript, Pacific Coast Banking School, April 1958.
10. Martin, William McChesney. "A Year of Recession and Recovery." Statement before the Joint Economic Committee, 6 February 1959; reprinted in the Federal Reserve Bulletin, February 1959a, 45(2), pp. 110-19.
11. Martin, William McChesney. "A Year of Recession and Recovery." Statement before the Joint Economic Committee, 6 February 1959; reprinted in the Federal Reserve Bulletin, February 1959a, 45(2), pp. 110-19.
12. _. Testimony, in Hearings before the Joint Economic Committee, 86th Congress, 1st Session, 27 July 1959. Washington, DC: U.S. Government Printing Office, 1959b, pp. 1231-1504.
13. Mayer, Thomas. Monetary policy and the Great Inflation in the United States: The Federal Reserve and the failure of macroeconomic policy, 1965-79. Cheltenham, UK: Elgar, 1998.
14. Taylor, John B. "A Historical Analysis of Monetary Policy Rules," in John B. Taylor, ed., Monetary policy rules. Chicago: University of Chicago Press, 1999, pp. 319-41.