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Changes in Monetary Policy and the Fight Against Inflation
| Content Provider | Semantic Scholar |
|---|---|
| Author | Wallich, Henry Christopher |
| Copyright Year | 1983 |
| Abstract | I would like to begin by dispelling two myths that have grown up about monetary policy in the United States. One is that until October 1979 the Fed targeted interest rates and then switched to a money supply target. The other is that the Fed recently has given up money supply targeting and is simply trying tobring interest rates down by inflating the currency. Monetary policy, to be sure, is complicated. But, this is not one of those cases where fact is stranger than fiction. The facts about Federal Reserve policy are readily available. What is puzzling is how such myths get started and proliferate until they are accepted as unquestioned fact. |
| Starting Page | 147 |
| Ending Page | 154 |
| Page Count | 8 |
| File Format | PDF HTM / HTML |
| Volume Number | 3 |
| Alternate Webpage(s) | https://object.cato.org/sites/cato.org/files/serials/files/cato-journal/1983/5/cj3n1-8.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
