Home > Publications > Review > Past Issues > 2005

The Federal Reserve Bank of St. Louis Review "Part II"

|  Current Issue  |  Past Issues  |  Print Subscriptions  |  Email Notifications |

Past Issues 2005

MARCH/APRIL 2005 Vol. 87, No. 2, Part 2

Reflections on Monetary Policy 25 Years After October 1979

Complete Issue (PDF 1.4M)

Contributing Authors pp. iii-iv (PDF 68k)

Chairman's Remarks pp. 137-138 (PDF 116k)
by Alan Greenspan

Editors' Introduction pp. 139-144 (PDF 146k)
by Athanasios Orphanides and Daniel L. Thornton

Origins of the Great Inflation pp. 145-176 (PDF 250k)
by Allan H. Meltzer

Commentary pp. 177-186 (PDF 232k)
by Christina D. Romer
Commentary on "Origins of the Great Inflation"

The Reform of October 1979: How It Happened and Why pp. 187-236 (PDF 516k)
by David E. Lindsey, Athanasios Orphanides, and Robert H. Rasche

Commentary pp. 237-242 (PDF 129k)
by Stephen H. Axilrod
Commentary on "The Reform of October 1979: How It Happened and Why"

The Monetary Policy Debate Since October 1979: Lessons for Theory and Practice pp. 243-262 (PDF 171k)
by Marvin Goodfriend

Commentary pp. 263-268 (PDF 191k)
by Laurence M. Ball
Commentary on "The Monetary Policy Debate Since October 1979: Lessons for Theory and Practice"

The International Implications of October 1979: Toward a Long Boom on a Global Scale pp. 269-276 (PDF 157k)
by John B. Taylor

Panel Discussion I: What Have We Learned Since October 1979? pp. 277-292 (PDF 203k)
by Ben S. Bernanke, Alan S. Blinder, and Bennett T. McCallum

Panel Discussion II: Safeguarding Good Policy Practice pp. 293-306 (PDF 180k)
by Roger W. Ferguson Jr., Charles A. E. Goodhart, and William Poole

Reflections

The following reflections for this conference issue, which appear without editorial changes to content, are essays and historical overviews, as well as personal accounts written by policymakers and Federal Reserve officials who were in office around the time of the October 6, 1979, monetary policy action.

Reflections on the October 6, 1979, Meeting of the FOMC pp. 307-310 (PDF 120k)
by Robert P. Black

Personal Recollections pp. 311-312 (PDF 133k)
by Philip E. Coldwell

Reflection on the FOMC Meeting of October 6, 1979 pp. 313-316 (PDF 138k)
by Joseph H. Coyne

Reflections on October 6, 1979, and Its Aftermath pp. 317-222 (PDF 150k)
by Charles Freedman

What Remains from the Volcker Experiment? pp. 323-328 (PDF 146k)
by Benjamin M. Friedman

Why Did the Great Inflation Not Happen in Germany? pp. 329-336 (PDF 210k)
by Otmar Issing

The International Consequences of the 1979 U.S. Monetary Policy Switch: The Case of Switzerland pp. 337-342 (PDF 197k)
by Georg Rich

The Changing Role of the Federal Reserve pp. 343-348 (PDF 128k)
by Frederick H. Schultz

Aftermath of the Monetarist Clash with the Federal Reserve Before and During the Volcker Era pp. 349-352 (PDF 138k)
by Anna J. Schwartz

Reflections pp. 353-358 (PDF 126k)
by Edwin M. Truman

A PDF reader can be downloaded from http://www.adobe.com. Blind and visually impaired users can obtain tools to access PDF files at http://access.adobe.com.