Detail Federal Reserve Operating Targets, Past and Present   Oleh:  Pierce, James L. Jenis: Article from Bulletin/Magazine Dalam koleksi: BUSINESS ECONOMICS vol. 26 no. 3 (1991), page 27-32. Topik: FEDERALISM; federal reserve; operating targets Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: BB20.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel The federal reserve's choice of operating target has important consequences for its ability to control inflation and to counter episodes of financial instability. Historically, its practice of stabilizing the federal funds rate produced procyclical growth in money and inflation. After a relatively brief shift to a reserve target in 1979 - 1982, the fed returned to stabilizing the federal funds rate, a practice that reduces its cedibility as an inflation fighter. The federal reserve would archieve credibility and ironically more flexibility to stabilize financial conditions, if it made effective use of bank reserves as its operating target. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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