Century of Monetary Policy at the Fed (eBook)

David E. Lindsey was a 29-year veteran of the Federal Reserve Board's senior staff when he retired in 2003. He became Associate Economist of the policymaking Federal Open Market Committee in 1984 and Deputy Director of the Division of Monetary Affairs in 1987. Lindsey received his PhD from the University of Chicago in 1970, writing his thesis under Nobel Laureate Milton Friedman.

1. Introducing the Book PART I: THE BROAD SWEEP OF FEDERAL RESERVE HISTORY2. Growing Pains: Being Born after Panic and Experiencing Childhood in the Great Depression3. Breaking Up Is Hard To Do: Splitting from the Treasury in Adolescence and Maturing More4.Suffering Mid-Life Crises: Confronting Severe Inflation and Financial Meltdown in Adulthood 5. Understanding the Basics from a Contemporary PerspectivePART II: MONETARY POLICY IN BERNANKE'S ERA6. Saying Oops: Assuming the Chairmanship7. Imagining Financial Armageddon, Making Emergency Loans in the Crisis, and Pursuing QE1 8. Cruising on QE2, Twisting Again, and Designing Even More Preemptively 9. Reaching for QE3 and Then Postponing TaperingPART III: RELATED DEVELOPMENTS IN BERNANKE'S ERA10. Taxing and Spending: Taking a Closer Look at Fiscal Policymaking and Communication10. Appendix: Understanding from the Ground Up How Monetary and Fiscal Policies Interact 11. Strengthening Financial Regulations 12. Prosecuting the Guilty, Revealing Crisis Lending, and Endangering Fed Independence13. Experiencing Deflation or Disinflation around the World 14. Concluding the Book