{"title":"FEDERAL RESERVE POLITICS AND MONETARY INSTABILITY","authors":"G. Epstein","doi":"10.4337/9781788978415.00012","DOIUrl":null,"url":null,"abstract":"The crucial significance of the Federal Reserve System in the making of U.S. macroeconomic policy has once again been made painfully apparent. The stagnation experienced by the U.S. economy since 1979 has, as its proximate cause, the restrictive monetary policies implemented by the U.S. central bank.","PeriodicalId":355709,"journal":{"name":"The Political Economy of Central Banking","volume":"1 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2019-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"The Political Economy of Central Banking","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.4337/9781788978415.00012","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 3
Abstract
The crucial significance of the Federal Reserve System in the making of U.S. macroeconomic policy has once again been made painfully apparent. The stagnation experienced by the U.S. economy since 1979 has, as its proximate cause, the restrictive monetary policies implemented by the U.S. central bank.
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