Learning About Policy from Federal Reserve History

23 Pages Posted: 5 Feb 2010

See all articles by Allan H. Meltzer

Allan H. Meltzer

Carnegie Mellon University - David A. Tepper School of Business

Date Written: February 4, 2010

Abstract

The paper summarizes some of the main findings about domestic monetary policy from my three volume history. It finds that the Federal Open Market Committee concentrates excessively on the very near-term and rarely discusses medium or long-term implications. Also it has never agreed on a model and does not try to get agreement. These and other problems and achievements are summarized.

Keywords: Federal Reserve, open market, monetary policy

JEL Classification: E31, E50, E52, E58

Suggested Citation

Meltzer, Allan H., Learning About Policy from Federal Reserve History (February 4, 2010). Available at SSRN: https://ssrn.com/abstract=1548147 or http://dx.doi.org/10.2139/ssrn.1548147

Allan H. Meltzer (Contact Author)

Carnegie Mellon University - David A. Tepper School of Business ( email )

5000 Forbes Avenue
Pittsburgh, PA 15213-3890
United States
412-268-2282 (Phone)
412-268-7057 (Fax)

Do you want regular updates from SSRN on Twitter?

Paper statistics

Downloads
87
Abstract Views
886
rank
387,683
PlumX Metrics