Search Results

Is Inflation All Due to Money? - Review

Inflation is an all-pervasive problem which affects everyone’s decisions. Individuals must consider the outlook for prices when planning budgets or wage demands, when deciding whether to buy a house or in what form to hold savings, as well as a multitude of other economic decisions. Also, business is increasingly concerned about the outlook for inflation, especially as it relates to planning and capital investment. It is not surprising, therefore, that persistent inflation has led to increased public demands that something be done to correct the problem.

research.stlouisfed.org/publications/review/1978/12/01/is-inflation-all-due-to-money

A Historical Analysis of the Credit Crunch of 1966 - Review

In early 1966 the U.S. economy was entering the sixth year of continuous economic expansion. The unemployment rate was at 4 per cent, a level believed almost unattainable two or three years earlier, capacity utilization was close to 90 per cent, and firms were faced with an exceptionally large backlog of orders. The economy had not only reached a state of full employment, but there was every indication that the “boom” would continue. To many, it appeared that the “New Economics” had finally removed the danger of recession or economic slowdown.

research.stlouisfed.org/.../review/1969/09/01/a-historical-analysis-of-the-credit-crunch-of-1966

An Explanation of Movements in Short-Term Interest Rates - Review

Virtually all central banks are concerned about movements in interest rates since, rightly or wrongly, the public usually regards the central bank as being responsible for such movements. An influential body of economic analysis also assigns considerable importance to the effects of movements in interest rates on economic activity. In addition, central banks have traditionally been concerned with the stability or viability of financial markets, where such stability and viability is usually viewed as being endangered by substantial fluctuations of interest rates.

research.stlouisfed.org/.../1976/07/01/an-explanation-of-movements-in-short-term-interest-rates

Federal Open Market Committee Decisions in 1969—Year of Monetary Restraint - Review

Monetary actions in 1969 exerted a decidedly more restrictive effect on the future course of economic activity than in the previous two years. All of the major economic variables generally used as indicators of monetary ease or restraint evidenced the restrictive influence. In 1969 the growth rates of the money stock, defined as currency and demand deposits held by the nonbank public, and money more broadly defined to include time deposits, decreased markedly from the previous two years. Bank credit likewise showed a slower rate of increase. Interest rates rose rapidly during most of the year, reaching levels well above their averages in previous years.

research.stlouisfed.org/.../

The Current Inflation: The United States Experience - Review

As part of the International Conference on The "New Inflation" and Monetary Policy, held June 24-26, 1974, in Milan, Italy, this article addresses the inflationary experience of the United States and the problems inflation implies for monetary analysis.

research.stlouisfed.org/.../review/1974/09/01/the-current-inflation-the-united-states-experience

Monetary Expansion and Federal Open Market Committee Operating Strategy in 1971 - Review

The primary policy objective of the Federal Reserve System in 1971 was to continue progress toward expansion of real output and employment coupled with a slowing in inflation. The major policy instrument used in pursuit of this objective was open market operations.

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