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Monetary Targets in an Age of Inflation
Oleh:
Volcker, Paul A.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Economic Impact no. 3 (1978)
,
page 61-64.
Topik:
Economic Structure
;
Monetary
;
Inflation
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE6.3, EE6.6
Non-tandon:
2 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
The increasing importance that monetary targetting plays in guidance of the U.S. economy, and in efforts to control inflation, is outlined in this article by Paul A. Volcker, president of the Federal Reserve Bank of New York, and a leading monetary expert. Although Mr. Volcker believes that publicizing monetary targets "can and has had some value" in stabilizing inflationary expectations, he warns that such targets "do not by themselves alter the real problems and hard choices imposed by the economic structure itself." A graduate of Princeton and Harvard universities, with a master's degree in economics, Mr. Volcker did postgraduate work at the London School of Economics before joining the Federal Reserve Bank of New ork in 1952 as an economist. Leaving the Treasury in 1974, he became president of the Federal Reserve bank of New York a year later.
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