| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 967256 | Journal of Monetary Economics | 2011 | 7 Pages |
Abstract
⺠This is a review of Meltzer's monumental contribution: A History of the Federal Reserve, Volume 2. ⺠The theme is monetary policy failures and successes. ⺠The failures are the Great Depression, the Great Inflation and the Great Recession. ⺠The successes are the Disinflation and the Great Moderation. ⺠The failures are associated with too much discretion. ⺠The successes are associated with more rule-like monetary policy.
Related Topics
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Economics and Econometrics
Authors
John B. Taylor,