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Historical Performance of the Federal Reserve
By:Michael Bordo
Published on 2019-06-01 by Hoover Press

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 examines theoretical perspectives in monetary theory on the case for stable money and the importance of monetary rules. The author also looks at the historical and empirical record of economic performance (both inflation and real output) across policy regimes. He examines the performance of the Federal Reserve in its pursuit of discretionary monetary policy, and he reviews the history of monetary policy during the Great Depression.

This Book was ranked at 24 by Google Books for keyword Monetary economics.

Book ID of Historical Performance of the Federal Reserve's Books is _JaTDwAAQBAJ, Book which was written byMichael Bordohave ETAG "CEUbH4IO7bg"

Book which was published by Hoover Press since 2019-06-01 have ISBNs, ISBN 13 Code is 9780817922160 and ISBN 10 Code is 0817922164

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Book which have "648 Pages" is Printed at BOOK under CategoryBusiness and Economics

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