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What monetary policy can and cannot do

Author

Listed:
  • Jerry L. Jordan

Abstract

A presentation by the Cleveland Federal Reserve Bank president of his views on the essential principles underlying monetary policy and on the proper focus of a central bank.

Suggested Citation

  • Jerry L. Jordan, 1992. "What monetary policy can and cannot do," Economic Commentary, Federal Reserve Bank of Cleveland, issue May.
  • Handle: RePEc:fip:fedcec:y:1992:i:may15
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    File URL: https://fraser.stlouisfed.org/scribd/?item_id=495491&filepath=/docs/historical/frbclev/econcomm/econcomm_19920515.pdf#scribd-open
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    References listed on IDEAS

    as
    1. Daria B. Caliguire & James B. Thomson, 1987. "FDIC policies for dealing with failed and troubled institutions," Economic Commentary, Federal Reserve Bank of Cleveland, issue Oct.
    2. George G. Kaufman, 1992. "Bank contagion: theory and evidence," Working Paper Series, Issues in Financial Regulation 92-13, Federal Reserve Bank of Chicago.
    3. James B. Thomson, 1990. "Using market incentives to reform bank regulation and federal deposit insurance," Economic Review, Federal Reserve Bank of Cleveland, issue Q I, pages 28-40.
    4. Walker F. Todd, 1988. "Lessons of the past and prospects for the future in lender of last resort theory," Working Paper 8805, Federal Reserve Bank of Cleveland.
    5. Robert L. Hetzel, 1991. "Too big to fail : origins, consequences, and outlook," Economic Review, Federal Reserve Bank of Richmond, issue Nov, pages 3-15.
    6. Walker F. Todd, 1988. "Lessons of the past and prospects for the future in lender of last resort theory," Proceedings 215, Federal Reserve Bank of Chicago.
    7. Anna J. Schwartz, 1992. "The misuse of the Fed's discount window," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 58-69.
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    Citations

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    Cited by:

    1. Peter Ferderer, J., 1998. "The determinants of monetary target credibility," The Quarterly Review of Economics and Finance, Elsevier, vol. 38(4), pages 825-841.
    2. William T. Gavin & Kevin L. Kliesen, 2002. "Unemployment insurance claims and economic activity," Review, Federal Reserve Bank of St. Louis, issue May, pages 15-28.

    More about this item

    Keywords

    Monetary policy;

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