IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-37173-6_7.html
   My bibliography  Save this book chapter

Government Budgetary and Private-Sector Pressures on US Monetary Policy: Some Preliminary Evidence

In: Distributional Conflict and Inflation

Author

Listed:
  • Richard C. K. Burdekin

    (Claremont McKenna College)

  • Paul Burkett

    (Indiana State University)

Abstract

As is true of the econometric literature on the German hyperinflation, many quantitative studies of the money supply and inflation processes in the post- World War II US economy have focused on the pressures which government deficits – as conditioned by political-economic influences on the executive and congressional administration – place on monetary policy. The importance of administration influence on Federal Reserve policy has been suggested in such studies as Potts and Luckett (1978), Hamburger and Zwick (1981, 1982), Laney and Willett (1983), McMillin (1986), Grier and Neiman (1987), Burdekin (1988) and Havrilesky (1993). The effects of government deficits on the money supply, inflation, and overall economic performance – as well as the political-economic channels by which these effects are asserted – are still controversial, however (see the surveys provided by Dwyer, 1985; Hibbs, 1987; Burdekin and Langdana, 1992).

Suggested Citation

  • Richard C. K. Burdekin & Paul Burkett, 1996. "Government Budgetary and Private-Sector Pressures on US Monetary Policy: Some Preliminary Evidence," Palgrave Macmillan Books, in: Distributional Conflict and Inflation, chapter 7, pages 128-140, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37173-6_7
    DOI: 10.1057/9780230371736_7
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-37173-6_7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.