Current Federal Reserve Policy under the Lens of Economic History: A Review Essay
This review essay reviews the volume edited by Owen Humpage, Current Federal Reserve Policy under the Lens of Economic History: Essays to Commemorate the Federal Reserve System’s Centennial, and provides a broader perspective on central-banking issues. The papers in the Humpage volume address various aspects of central banking history, money, and private banking, with a focus on putting recent Fed policies in perspective. The topics covered include the role of the central bank as lender of last resort, the effects of open-market operations versus central-bank lending, central-bank independence, the political economy of monetary unions, financial crises, the effects of unconventional monetary policies, commodity monies, and the Canadian financial system as a natural experiment. (JEL E32, E52, E58, G01, G21, G28, N10)
- DOI
- 10.1257/jel.20151354
- Volume
- 54 (3)
- Pages
- 922-934
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref