Journal of Economic Literature Vol. 47 No. 2 2009
Book Reviews
Abstract
Mark A. Carlson of Federal Reserve Board reviews “The Evolution of Monetary Policy and Banking in the US” by Donald D. Hester,. The EconLit Abstract of the reviewed work begins “Analyzes the evolution of monetary policy and banking institutions in the United States over the past sixty years, focusing on the dynamic interactions between the Federal Reserve and banking institutions that resulted from financial market innovations. Discusses Marriner S. Eccles and Thomas B. McCabe, 1945-51; William McChesney Martin, Jr., 1951-70; Arthur F. Burns and G. William Miller, 1970-79; Paul A. Volcker, 1979-87; Alan Greenspan, 1987-2006; Benjamin S. Bernanke, 2006-the present; an overview and summary of the Federal Reserve and monetary policy; the first twenty-five years after World War II; resolution--1971-2007; and an overview and summary of recovery, growth, and adaptation in U.S. banking. Hester is Professor of Economics, Emeritus at the University of Wisconsin-Madison. No index.”
- DOI
- 10.1257/jel.47.2.482.r10
- Volume
- 47
- Issue
- 2
- Pages
- 503-505
- Language
- en
- Sources
- crossref