Federal Reserve Policy Reappraised, 1951–1959 / / Daniel S. Ahearn.

• Superior document: Title is part of eBook package: De Gruyter Columbia University Press eBook-Package Archive 1898-1999
• VerfasserIn: Ahearn, Daniel S.,
• Place / Publishing House: New York, NY : : Columbia University Press, , [1963]; ©1963
• Year of Publication: 1963
• Language: English
• Physical Description: 1 online resource (378 p.)

Evaluates monetary policies of the Federal Reserve for effectiveness in influencing monetary variables and the financial markets from 1951-1959.

Table of Contents

Frontmatter -- Acknowledgments -- Contents -- Tables -- Introduction -- Part I. The Background of the Return to Flexible Monetary Policy -- I. The Revival of Belief in Flexible Monetary Policy: 1945–1951 -- II. The New Theory of Monetary Management: The Roosa Doctrine -- ΙII. The Federal Reserve Board's Conception of Monetary Management: A Return to Orthodoxy and Tradition in Practice -- Part II. The Federal Reserve's Use of Monetary Instruments -- IV. Open Market Operations and the Policy of Dealing in “Bills Only” -- V. The Controversy about “Bills Only” and the Efficacy of Monetary Policy -- VI. The Record of “Bills Only” in the Application of Monetary Policy -- VII. The Use of the Discount Mechanism -- VIII. Changes in Cash Reserve Requirements as a Credit Control Instrument -- IX. The Failure to Use Selective Credit Controls -- Part III. The Federal Reserve's Control Over Financial Variables -- X. The Federal Reserve's Control of the Money Supply -- XI. The Problem of the Velocity of Money -- XII. The Influence of Changing Long-Term Interest Rates and Capital Values on Financial Institutions -- Part IV. Summary -- XIII. Findings and Conclusions of the Study -- Bibliography -- Index