The Tools and Transmission of Federal Reserve Monetary Policy in the 1920s
Posted: 22 Oct 2016
Date Written: November 22, 2016
Abstract
This note describes the tools used by the Federal Reserve (Fed) to implement monetary policy in the 1920s and the degree to which changes in these tools were transmitted to private money markets.
Suggested Citation: Suggested Citation
Duygan-Bump, Burcu and Carlson, Mark A., The Tools and Transmission of Federal Reserve Monetary Policy in the 1920s (November 22, 2016). FEDS Notes No. 2016-11-22, Available at SSRN: https://ssrn.com/abstract=3716467 or http://dx.doi.org/10.17016/2380-7172.1871
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