Monetary Policy and the Great Inflation in the United States: The Federal Reserve and the Failure of Macroeconomic Policy, 1965-1979 [Hardcover]

Thomas Mayer (Author)

Book Description

Publication Date: March 1999 | ISBN-10: 1858989531 | ISBN-13: 978-1858989532

This work deals with the most serious macroeconomic failure experienced in the US in the post-war period, the great inflation of the 1960s and 70s. It offers analyses based upon primary evidence of the inflationary monetary policy conducted in the US during the period.

Editorial Reviews

Review

His [the author's] research shows both how easily monetary policy can be led astray by dubious economic theories, and how difficult it is to change direction once a policy has been established...This book contains much information and insight about Federal Reserve policymaking and,...I recommend it to readers intereste in the macroeconomic history of the 1970s or the history of Federal Reserve policymaking in general. -- David C. Wheelock, The Journal of Economic History

Mayer has filled a considerable gap in our knowledge with this path-breaking study...No one in future should write on this topic without consulting it. -- David Laidler, Economic Record

Monetary Policy and the Great Inflation in the United States is a very enlightening description of how monetary policy lead to the Great Inflation. Professor Mayer displays his typically thorough analytical skills and clear writing style while describing a wealth of source level evidence regarding the thought process of monetary policymakers. -- Stephen J. Perez, EH.NET

About the Author

Emeritus Professor of Economics, University of California, Davis

Product Details

• Hardcover: 151 pages
• Publisher: Edward Elgar Pub (March 1999)
• Language: English
• ISBN-10: 1858989531
• ISBN-13: 978-1858989532
• Product Dimensions: 9.2 x 6 x 0.7 inches
• Shipping Weight: 12 ounces (View shipping rates and policies)
• Amazon Best Sellers Rank: #3,255,748 in Books (See Top 100 in Books)

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