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CURRENT LESSONS FROM THE PAST: HOW THE FED REPEATS ITS HISTORY.

The article presents a talk given by economist Allan H. Meltzer at a conference entitled "The History of Central Banking in the United States" sponsored by the Federal Reserve Bank of Philadelphia in Philadelphia, Pennsylvania, on December 6, 2013. Topics include the founding and history of the U.S....

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Published in:CATO Journal Vol. 34; no. 3; pp. 519 - 540
Main Author: Meltzer, Allan H.
Format: Speech
Published: Cato Institute Fall2014
Subjects:
United States
Meltzer, Allan H., 1928-2017
Board of Governors of the Federal Reserve System (U.S.)
Econometric models
History
Central banking industry
Federal Reserve monetary policy
Online Access:View this record in EBSCOhost
Summary:The article presents a talk given by economist Allan H. Meltzer at a conference entitled "The History of Central Banking in the United States" sponsored by the Federal Reserve Bank of Philadelphia in Philadelphia, Pennsylvania, on December 6, 2013. Topics include the founding and history of the U.S. Federal Reserve Board (Fed), the Fed's monetary policy decisions, its role as lender of last resort (LOLR), and the econometric models it uses.