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