Central Bank Autonomy: The Federal Reserve System in American Politics [Hardcover]

First Published in 1998. The Federal Reserve System, the nation's central bank, is directed by statute to maintain maximum employment, stable prices, and moderate long-term interest rates. This volume explores the Central Bank Autonomy, looking at preferences of central bankers, reserve requirements, open market transactions, credit control, macroeconomic outcomes, policies and capital market flows.J. Kevin Corder. Series edited by Stuart Bruchey, Allan Nevins Professor Emeritus Columbia University.Chapter 1 The Puzzle of Central Bank Autonomy; Chapter 2 Central Bank Autonomy and the Preferences of Central Bankers; Chapter 3 Reserve Requirements and the Distribution of Monetary Restraint; Chapter 4 Open Market Transactions: The Scope and Frequency of Capital Market Intervention; Chapter 5 Selective Credit Controls and Credit Allocation; Chapter 6 Macroeconomic Outcomes and Monetary Policy Institutions; Chapter 7 Capital Market Flows and Federal Credit Institutions; Chapter 8 Representative Control of Monetary Policy;USCopyright ? 1998 J. Kevin Corder