The most dangerous idea in federal reserve history: Monetary policy doesn't matter

American Economic Review

Volumn 103, Issue 3, 2013, Pages 55-60

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

^a UNIVERSITY OF CALIFORNIA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84879091632     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.103.3.55     Document Type: Conference Paper

References (8)

1. Booth, Philip. 2012. "The Bank of England Needs a Humble Governor." Institute of Economic Analysis, October 17.
2. Friedman, Milton, and Anna Jacobson Schwartz. 1963. A Monetary History of the United States, 1867-1960. Princeton: Princeton University Press.
3. Gagnon, Joseph E. 2009. "The World Needs Further Monetary Ease, Not an Early Exit." Peterson Institute for International Economics Policy Brief No. PB09-22.
4. Hsieh, Chang-Tai, and Christina D. Romer. 2006. "Was the Federal Reserve Constrained by the Gold Standard During the Great Depression? Evidence from the 1932 Open Market Purchase Program." Journal of Economic History 66 (1): 140-76.
5. Meltzer, Allan H. 2003. A History of the Federal Reserve. Volume 1: 1913-1951. Chicago: University of Chicago Press.
6. Nelson, Edward. 2005. "The Great Infation of the Seventies: What Really Happened?" Advances in Macroeconomics 5 (1): Article 3.
7. Primiceri, Giorgio E. 2006. "Why Infation Rose and Fell: Policy-Makers' Beliefs and U.S. Postwar Stabilization Policy." Quarterly Journal of Economics 121 (3): 867-901.
8. Romer, Christina D., and David H. Romer. 2002. "The Evolution of Economic Understanding and Postwar Stabilization Policy." In Rethinking Stabilization Policy, 11-78. Kansas City: Federal Reserve Bank of Kansas City.