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Modeling Discretion and Self-Regulation

In: Monetary Policy and the Onset of the Great Depression

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  • Mark Toma

Abstract

The last chapter catalogued the evolution of the Fed as discretionary policy activist, interpreted from the Monetarist and Austrian perspectives. Both camps emphasized the Fed’s tendency to expand Fed credit, appropriately so, according to the Monetarists; excessively so, according to the Austrians.

Suggested Citation

  • Mark Toma, 2013. "Modeling Discretion and Self-Regulation," Palgrave Macmillan Books, in: Monetary Policy and the Onset of the Great Depression, chapter 0, pages 41-64, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-37162-1_4
    DOI: 10.1057/9781137371621_4
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