Skip to main content
SpringerLink
Log in
Book cover

The Pressures on American Monetary Policy

  • Book
  • © 1995

Overview

Authors:
  1. Thomas Havrilesky

    1. Duke University, Durham, USA

    View author publications

    You can also search for this author in PubMed   Google Scholar

This is a preview of subscription content, log in via an institution to check access.

Access this book

Log in via an institution
eBook USD 169.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 219.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 219.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

Licence this eBook for your library

Institutional subscriptions

Table of contents (11 chapters)

  1. Front Matter

    Pages i-xi
    Download chapter PDF

  2. Introduction

    • Thomas Havrilesky
    Pages 1-10

  3. The Pressures on Monetary Policy: An Overview

    • Thomas Havrilesky
    Pages 11-27

  4. Executive Branch Pressures on Monetary Policy: 1914–1994

    • Thomas Havrilesky
    Pages 28-82

  5. Legislative Branch Pressures on Monetary Policy: 1914–1994

    • Thomas Havrilesky
    Pages 83-117

  6. Is the Federal Reserve Responsive to Monetary Policy Signaling from the Administration?

    • Thomas Havrilesky
    Pages 118-157

  7. Is Federal Reserve Responsiveness to Signaling Propelled by Congressional Threats or by Chairmen’s Allegiances?

    • Thomas Havrilesky
    Pages 158-201

  8. The Causes of Signaling from the Administration and Threats from Congress to the Federal Reserve

    • Thomas Havrilesky
    Pages 202-226

  9. Monetary Policy Signaling from Congress to the Federal Reserve

    • Thomas Havrilesky
    Pages 227-254

  10. Banking and other Private Sector Influences on Monetary Policy

    • Thomas Havrilesky
    Pages 255-287

  11. The Power of Appointment and Monetary Policy

    • Thomas Havrilesky
    Pages 288-331

  12. Monetary Reform

    • Thomas Havrilesky
    Pages 332-370

  13. Back Matter

    Pages 371-381
    Download chapter PDF
Back to top

Keywords

About this book

The basic motivation for this book is my lifelong interest in the relationship between political processes and macroeconomic outcomes, especially in the area of monetary policy. Nowadays, monetary policy is an area where political considerations are believed by scholars to regularly impact upon economic results. In contrast, when my interest in this subject began thirty years ago, the scholarly literature on monetary policy hardly ever mentioned systematic political influences. My dissertation at the University of Illinois in 1966 and my first article (in the Joumal of Political Economy in 1967) addressed the modeling and estimation of the concerns that propel monetary policy. In the political and economic turbulence of the period from the late 1960s through the early 1980s, it became clear that the directions taken by monetary policy were changing with some frequency. My research during that period dealt with models of monetary policy. In attempting to measure these changes, it suggested that monetary policy reactions to the state of the economy were not stable over time. During this period I became interested in reforms which might reduce the resulting instability in the economy. For example, my 1972 article in the Joumal of Political Economy suggested systematic penalties Federal Reserve officials who failed to meet the goal of monetary stability by tying their budgets or salaries inversely to the rate of inflation.

Authors and Affiliations

  • Duke University, Durham, USA

    Thomas Havrilesky

Bibliographic Information

  • Book Title: The Pressures on American Monetary Policy

  • Authors: Thomas Havrilesky

  • DOI: https://doi.org/10.1007/978-94-011-0653-5

  • Publisher: Springer Dordrecht

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media New York 1995

  • Hardcover ISBN: 978-0-7923-9561-4Published: 30 April 1995

  • Softcover ISBN: 978-94-010-4285-7Published: 02 October 2012

  • eBook ISBN: 978-94-011-0653-5Published: 06 December 2012

  • Edition Number: 2

  • Number of Pages: XI, 381

  • Topics: Macroeconomics/Monetary Economics//Financial Economics, Finance, general, Political Science

Publish with us

Policies and ethics

Back to top

Search

Navigation