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Hardcover The Historical Performance of the Federal Reserve: The Importance of Rules Volume 695 Book

ISBN: 0817922148

ISBN13: 9780817922146

The Historical Performance of the Federal Reserve: The Importance of Rules Volume 695

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...

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Format: Hardcover

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