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Understanding the Basics from a Contemporary Perspective

  • David E. Lindsey
Part of the Palgrave Studies in American Economic History book series

Abstract

What does the Fed think about how the economy functions and how the institution itself makes, conducts, and discusses its monetary policy? This chapter elucidates the general principles of the Fed’s views. Thus, it affords useful background for the detailed chapters that follow on the Bernanke era, which of course can’t avoid these issues. Federal Reserve personnel and conventional macroeconomists predominately see eye to eye, though both suffer lacunas.

Keywords

Interest Rate Monetary Policy Central Bank Real Interest Rate Natural Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© David E. Lindsey 2016

Authors and Affiliations

  • David E. Lindsey

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