Improving Money Stock Control: Problems, Solutions, and Consequences

On October 30-31,1981, the Center for the Study of American Business and the Federal Reserve Bank of St. Louis cosponsored their sixth annual conference, "Improving Money Stock Control: Problems, Solutions, and Consequences." This book contains the papers and comments delivered at that con...

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Bibliographic Details
Main Author: Meyer, L.H (Author)
Format: Electronic eBook
Language:English
Published: Dordrecht Springer Netherlands 1983
Edition:1st ed. 1983
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Online Access:BTU01
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Summary:On October 30-31,1981, the Center for the Study of American Business and the Federal Reserve Bank of St. Louis cosponsored their sixth annual conference, "Improving Money Stock Control: Problems, Solutions, and Consequences." This book contains the papers and comments delivered at that conference. The Federal Reserve System has moved, over the last decade, toward setting policy in terms of explicit and publicly announced monetary aggre­ gate targets - specifically, growth ranges for alternative measures of the money supply. This conference, as the title suggests, was wide ranging in its discussions of monetary control. But rather than dealing with the merits of monetary aggregate targeting, its focus was instead on solving the problems associated with, and evaluating the consequences of, im­ proved monetary control. The initial paper outlines the current operating procedures followed by the Federal Reserve and suggests reforms to improve monetary control. The following three discussion papers in Part I critically examine the Fed's operating procedures. The two papers in Part II discuss the experi­ ence of other countries with monetary aggregate targeting - the United Kingdom and Switzerland, respectively - and Part III examines the con­ sequences of improved monetary control
Physical Description:1 Online-Ressource (XIII, 198 p. 1 illus)
ISBN:9789401718455
DOI:10.1007/978-94-017-1845-5

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