The Real Bills Doctrine

11 Pages Posted: 24 Aug 2012

See all articles by Thomas M. Humphrey

Thomas M. Humphrey

Federal Reserve Banks - Federal Reserve Bank of Richmond

Date Written: 1982

Abstract

With recession lingering and interest rates remaining high, one hears increasingly that the Fed should abandon its money growth targets and move to a policy of lowering interest rates to full employment levels.

Suggested Citation

Humphrey, Thomas M., The Real Bills Doctrine (1982). FRB Richmond Economic Review, Vol. 68, No. 5, September/October 1982, pp. 3-13, Available at SSRN: https://ssrn.com/abstract=2120000

Thomas M. Humphrey (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of Richmond ( email )

P.O. Box 27622
Richmond, VA 23261
United States

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