The Resource Inside the Fed : monetary policy and its management, Martin through Greenspan to Bernanke, Stephen H. Axilrod

Inside the Fed : monetary policy and its management, Martin through Greenspan to Bernanke, Stephen H. Axilrod

Label
Inside the Fed : monetary policy and its management, Martin through Greenspan to Bernanke
Title
Inside the Fed
Title remainder
monetary policy and its management, Martin through Greenspan to Bernanke
Statement of responsibility
Stephen H. Axilrod
Creator
Subject
Language
eng
Summary
  • "Stephen Axilrod is the ultimate Federal Reserve insider. He worked at the Fed's Board of Governors for over thirty years and after that in private markets and as a consultant on monetary policy. With Inside the Fed, he offers his unique perspective on the inner workings of the Federal Reserve System during the last fifty years - writing about personalities as much as policy - based on his knowledge and observations of every Fed chairman since 1951. Axilrod's discussion focuses on how the personalities of the various chairmen affected their capacity for leadership. He describes, for example, Arthur Burns's response to political pressure from the Nixon White House and Paul Volcker's radical shift to an anti-inflationary policy at the end of the 1970s - a transition in which Axilrod himself played a crucial role
  • As for the Greenspan years, Axilrod points to the unintended effects of the Fed's newfound "garrulousness" (the plethora of announcements and hints about policy intentions) - one of which was the Fed's loss of credibility in the aftermath of the chairman's 1996 comment about "irrational exuberance." And Axilrod incisively outlines the problems - including the subprime mess - inherited from Greenspan by the current chairman, Ben Bernanke. Great leadership in monetary policy, Axilrod says, is determined not by pure economic sophistication but by the ability to push through political and social barriers to achieve a paradigm shift in policy - and by the courage and bureaucratic moxie to pull it off."--BOOK JACKET
Cataloging source
DLC
Dewey number
339.5/30973
Illustrations
illustrations
Index
index present
LC call number
HG501
LC item number
.A95 2009
Literary form
non fiction
Nature of contents
bibliography
Label
Inside the Fed : monetary policy and its management, Martin through Greenspan to Bernanke, Stephen H. Axilrod
Publication
Bibliography note
Includes bibliographical references (p. [191]-198) and index
http://library.link/vocab/branchCode
  • zbnus
  • mel
Contents
Overview of policy management and managers -- In Bill Martin's time -- Arthur Burns and the struggle against inflation -- The Miller interlude -- Paul Volcker and the victory over inflation -- The Greenspan years -- The Fed and its image -- Summing up and looking ahead
Control code
000043839340
Dimensions
24 cm
Extent
viii, 203 p.
Isbn
9780262012492
Isbn Type
(alk. paper)
Lccn
2008019597
Other physical details
ill.
http://library.link/vocab/recordID
.b23898501
System control number
  • rm23898501
  • (OCoLC)227000210

Library Locations

    • Deakin University Library - Melbourne Burwood CampusBorrow it
      221 Burwood Highway, Burwood, Victoria, 3125, AU
      -37.846510 145.115099
    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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