100 Jahre Federal Reserve System

Christoph Weber and Katrin Wölfel

Wirtschaftsdienst, 2013, vol. 93, issue 12, 828-834

Abstract: The Federal Reserve System (Fed) was created in December 1913 when the Federal Reserve Act was signed. Since then, the Fed has become the most influential central bank in the world. This article gives an overview of the Fed’s history and its structure before evaluating the Fed’s monetary policy over the last 100 years. The main findings are that the last 100 years have shown that a central bank is useful for solving economic problems but that sometimes the central bank has created its own problems. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2013

Keywords: E52; E58; N22 (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1007/s10273-013-1608-z

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