Articlegold1992

Monetary Policy in the Great Depression: What the Fed Did, and Why

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Monetary Policy and Economic Impact Banking stability, regulation, efficiency Political and Economic history of UK and US

Abstract

David C. Wheelock examines the extent to which the Federal Reserve System's organization affected policy during the Great Depression. Some authors contend that the Fed’s organization caused it to be more receptive to private interests—or to the interests of policymakers wishing to extend their bureaucratic domain—than to the public’s interests.

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References

2017A Monetary History of the United States, 1867-1960 1964A Monetary History of the United States 1867-1960 2024Nonmonetary Effects of the Financial Crisis in the Propagation of the Great Depression 2008A Monetary History of the United States, 1867-1960 1976Did Monetary Forces Cause The Great Depression 1986Financial Panics, the Seasonality of the Nominal Interest Rate, and the Founding of the Fed 1986Spurious Volatility in Historical Unemployment Data 1987Monetary factors in the great depression

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2012Governance Without Government 2008Did Hayek and Robbins Deepen the Great Depression?1998Regulation, Market Structure, and the Bank Failures of the Great Depression 1993Were price changes during the Great Depression anticipated?2007Gold Standards and the Real Bills Doctrine in U.S. Monetary Policy 1998The separation of commercial and investment banking: The morgans vs. The rockefellers

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