The Evolution of Monetary Policy: Critical Issues That Have Shaped Monetary Policy and the SOMC

Monetarist-driven monetary-policy evolution, tracing SOMC influence from 1970s inflation to Volcker’s disinflation.

InflationThe Federal ReserveChicago / monetaristLectureexpert1970s inflationcentral bankingfed credibilityinterest rate policyk percent rulemonetarismMichael D. BordoMickey Levy

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• Hoover Institution · 2024-10-21

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