The Historical Performance of the Federal Reserve: The Importance of Rules Volume 695

by Michael D. Bordo

Distinguished economist Michael D. Bordo argues for the importance of monetary stability and monetary rules, offering theoretical, empirical, and historical perspectives to support his case. He shows how the pursuit of stable monetary policy guided by central banks following rule-like behavior produces low and stable inflation, stable real performance, and encourages financial stability. In contrast, he explains how the failure to adhere to rules...

• Format: Hardcover
• Language: English
• ISBN: 0817922148
• ISBN13: 9780817922146
• Release Date: June 2019
• Publisher: Hoover Institution Press
• Length: 648 Pages
• Weight: 2.55 lbs.
• Dimensions: 1.8" x 6.4" x 9.1"