Monetary policy in the United States.

New York, Random House [1968] .

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Subjects Monetary policy -- United States.
Monetary policy.
Politique monétaire -- États-Unis.
United States.
Description xi, 238 pages illustrations 22 cm
Copyright Date [1968]
Notes Includes bibliographical references.
Contents The Goals of Monetary Policy -- The Tools of Monetary Policy -- Mechanics of Open-Market Operations -- Effects of Open-Market Operations -- Advantages and Disadvantages of Open-Market Operations -- The Discount Mechanism -- Changes in the Discount Rate -- Reform of the Discount Mechanism -- The Reserve Requirement -- Some Controversies about Reserve Requirements -- Reserve Requirement Changes -- Interaction of Major Tools -- Relative Advantages and Disadvantages of Major Tools for Countercyclical Policy -- Relative Advantages and Disadvantages of Various Tools for Secular Changes -- Are All These Tools Necessary? -- Selective Controls -- Suasion and Direct Action -- Publicity and Informal Advice -- International Tools -- Monetary Policy and the Money Market -- The Reserve Base and the Money Supply -- The Money Stock and Interest Rates -- Money Market Guides -- The Strength of Monetary Policy -- Implications of the Quantity Theory and the Keynesian Theory for Monetary Policy -- Institutional Factors Strengthening or Weakening Monetary Policy -- Overview -- The Relationship of Strength and Magnitude -- International Aspects -- Monetary Policy and Resource Allocation -- Specific Sectors -- The Problem of Lags -- The Length of the Lag -- Variability of the Outside Lag -- Alternative Monetary Policies -- The Dominant View -- The Monetarist Countercyclical Policy -- The Easy Money Position -- Rules Versus Authorities.
Geographic Area United States
Network Numbers (OCoLC)246235
WorldCat Search OCLC WorldCat
WorldCat Identities Mayer, Thomas, 1927-
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