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Audit the Federal Reserve?

Author

Listed:
  • William Barnett

    (Department of Economics, University of Kansas)

Abstract

An independent institute for monetary statistics is needed in the United States, says William Barnett in paper to appear in the journal, Central Banking. Expanded Congressional audit would be a second best alternative, but would not fully address the needs and would carry risks.

Suggested Citation

  • William Barnett, 2010. "Audit the Federal Reserve?," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201001, University of Kansas, Department of Economics, revised Jan 2010.
    • Handle: RePEc:kan:wpaper:201001
    as

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    File URL: http://www2.ku.edu/~kuwpaper/2009Papers/201001.pdf
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    References listed on IDEAS

    as
    1. Barnett, William A. & Chauvet, Marcelle, 2011. "How better monetary statistics could have signaled the financial crisis," Journal of Econometrics, Elsevier, vol. 161(1), pages 6-23, March.
    2. William Barnett & Apostolos Serletis & W. Erwin Diewert, 2005. "The Theory of Monetary Aggregation (book front matter)," Macroeconomics 0511008, University Library of Munich, Germany.
    3. Robert E. Lucas Jr., 2003. "Macroeconomic Priorities," American Economic Review, American Economic Association, vol. 93(1), pages 1-14, March.
    4. Burton A. Abrams, 2006. "How Richard Nixon Pressured Arthur Burns: Evidence from the Nixon Tapes," Journal of Economic Perspectives, American Economic Association, vol. 20(4), pages 177-188, Fall.
    Full references (including those not matched with items on IDEAS)

    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Audit the Federal Reserve?
      by Economic Logician in Economic Logic on 2010-02-24 20:33:00

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    More about this item

    Keywords

    Central banking; Federal Reserve; data institute; monetary aggregation; monetary policy; audit; GAO.;
    All these keywords.

    JEL classification:

    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General

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