The Tools and Transmission of Federal Reserve Monetary Policy in the 1920s
Mark Carlson and
Burcu Duygan-Bump
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Burcu Duygan-Bump: https://www.federalreserve.gov/econres/burcu-duygan-bump.htm
No 2016-11-22, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)
Abstract:
This note describes the tools used by the Federal Reserve (Fed) to implement monetary policy in the 1920s and the degree to which changes in these tools were transmitted to private money markets. In doing so, we hope to provide some historical perspective to the renewed debate around monetary policy frameworks and toolkits.
Date: 2016-11-22
New Economics Papers: this item is included in nep-his, nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2016-11-22
DOI: 10.17016/2380-7172.1871
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