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| Material Type: | Internet resource |
|---|---|
| Document Type: | Book, Internet Resource |
| All Authors / Contributors: |
Peter A Johnson |
| ISBN: | 0801428351 9780801428357 |
| OCLC Number: | 39640051 |
| Description: | xiv, 240 p. ; 24 cm. |
| Contents: | The problem of economic policy innovation in democracies -- The origins of the Bundesbank's corporate culture -- The Bundesbank's monetarist regime change, 1970-1985 -- The origins of the Federal Reserve's corporate culture -- The monetarist revolution and the Fed, 1970-1985 -- Central banks as guardians of democracy. |
| Series Title: | Cornell studies in political economy. |
| Responsibility: | Peter A. Johnson. |
| More information: |
Abstract:
In recent years governments have increasingly given their central banks the freedom to pursue policies of price stability. In particular, the German Bundesbank and the U.S. Federal Reserve have been widely considered models of autonomous policymaking. This book traces the origins of their success to the political struggle to adopt monetarism in Germany and the United States.
The Government of Money contends that the political involvement of monetarist economists was central to this endeavor. The book examines the initiatives undertaken by monetarists from 1970 to 1985 and the policies that resulted once their ideas were enacted. Taking a historical approach to major issues of political economy, Peter A. Johnson describes both the political efforts of the monetarist economists to convert central banks to their preferred policies and the resistance offered by traditionalist central bankers, politicians, and financial and labor interests.
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Related Subjects:(17)
- Monetary policy -- Germany.
- Monetary policy -- United States.
- Banks and banking, Central -- Germany.
- Banks and banking, Central -- United States.
- Monetarisme.
- Deutsche Bundesbank
- USA -- Board of Governors of the Federal Reserve System
- Geldpolitik
- Monetarismus
- Deutschland
- USA
- Federal Reserve system (États-Unis).
- Deutsche Bundesbank.
- Banques centrales -- Allemagne.
- Banques centrales -- États-Unis.
- Politique monétaire -- Allemagne.
- Politique monétaire -- États-Unis.
