Contesting New Monetary Policy

Scott M. Aquanno

Contributions to Political Economy, 2014, vol. 33, issue 1, 1-17

Abstract: This article examines the institutional and policy transformations that have occurred within the Federal Reserve since 2008. It argues that the subprime crisis has led to important innovations in US central banking that may have profound future effects not only on the nature of US economy policy, but in terms of the distribution of social power. In doing so, the article demonstrates that the future of American politics cannot be grasped if it is not first understood how new monetary policy initiatives are transforming the role of the Federal Reserve and influencing social relations.

Date: 2014
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