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The Historical Performance Of The Federal Reserve The Importance Of Rules Michael D Bordo

  • SKU: BELL-37600236
The Historical Performance Of The Federal Reserve The Importance Of Rules Michael D Bordo
$ 31.00 $ 45.00 (-31%)

5.0

28 reviews

The Historical Performance Of The Federal Reserve The Importance Of Rules Michael D Bordo instant download after payment.

Publisher: Hoover Institution Press
File Extension: EPUB
File size: 50.37 MB
Pages: 648
Author: Michael D. Bordo
ISBN: 9780817922146, 0817922148
Language: English
Year: 2019

Product desciption

The Historical Performance Of The Federal Reserve The Importance Of Rules Michael D Bordo by Michael D. Bordo 9780817922146, 0817922148 instant download after payment.

Distinguished economist Michael D. Bordo argues for the importance of monetary stability and monetary rules, offering theoretical, empirical, and historical perspectives to support his case. He shows how the pursuit of stable monetary policy guided by central banks following rule-like behavior produces low and stable inflation, stable real performance, and encourages financial stability. In contrast, he explains how the failure to adhere to rules that produce monetary stability will inevitably produce the dire consequences of real, nominal, and financial instability. Bordo also examines the performance of the Federal Reserve and he reviews the history of monetary policy during the Great Depression.

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