Central bank autonomy : the Federal Reserve System in American politics / J. Kevin Corder.

By:

Corder, J. Kevin, 1964-

Material type: Text

TextSeries: Financial sector of the American economyPublication details: New York : Garland Pub., 1998.Description: xiii, 202 p. : ill. ; 23 cmISBN:

0815331975 (alk. paper)

Subject(s):

DDC classification:

332.1'1'0973 22

LOC classification:

HG2563 .C66 1998

Summary: The autonomy of the central bank in the United States is the joint product of strategic choices made by decision makers in the Fed and choices made by members of Congress. The book looks at how Fed decision makers update administrative procedure in ways that frustrate representative control of monetary policy. Members of Congress tolerate experimentation with procedures and rules because Fed independence creates an obstacle for presidents interested in controlling macroeconomic outcomes for electoral or partisan gain. Central bank autonomy is not a serious threat for members of Congress, as they independently develop a number of federal credit programs to counteract the consequences of monetary policy choices for particular sectors of the economy (notably, home construction and small business enterprise).

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Holdings
Item type	Current library	Collection	Call number	Copy number	Status	Barcode
Monograph & others	CBN HQ Library		332.1'10973 COR (Browse shelf(Opens below))		Available	31008100040704
Monograph & others	CBN HQ Library		332.1'10973 COR (Browse shelf(Opens below))		Available	31008100040811
Monograph & others	CBN KANO BRANCH LIBRARY General Stacks	Non-fiction	332.1'1'0973 COR (Browse shelf(Opens below))	c.1	Available	31008100652672
Monograph & others	CBN BAUCHI BRANCH LIBRARY General Stacks	Non-fiction	332.1'1'0973 COR (Browse shelf(Opens below))	c.1	Available	31008100561220
Monograph & others	CBN IBADAN BRANCH LIBRARY General Stacks	Non-fiction	332.1'1'0973 COR (Browse shelf(Opens below))	C.1	Available	31008100740535
Monograph & others	CBN ENUGU BRANCH LIBRARY General Stacks	Non-fiction	332.1'1'0973 COR (Browse shelf(Opens below))	c. 1	Available	31008100635503
Monograph & others	CBN LAGOS LAISON OFFICE LIBRARY General Stacks	Non-fiction	332.1'1'0973 FIN (Browse shelf(Opens below))	c.1	Available	31008100248828

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Previous	332.1'10941 MOR The theory and practice of central banking, 1797-1913 /	332.1'10951 GUO Banking reforms and monetary policy in the People's Republic of China :	332.1'1'0952 CAR Financial policy and central banking in Japan /	332.1'1'0973 COR Central bank autonomy :	332.1'1'0973 WEL The Federal Reserve System :	332.1'12 CEN Central banking, monetary theory and practice :	332.1'13 CEN Central bank reserves and sovereign wealth management /	Next

Revison of the author's doctoral dissertation.

Includes bibliographical references (p. 187-196) and index.

The autonomy of the central bank in the United States is the joint product of strategic choices made by decision makers in the Fed and choices made by members of Congress. The book looks at how Fed decision makers update administrative procedure in ways that frustrate representative control of monetary policy. Members of Congress tolerate experimentation with procedures and rules because Fed independence creates an obstacle for presidents interested in controlling macroeconomic outcomes for electoral or partisan gain. Central bank autonomy is not a serious threat for members of Congress, as they independently develop a number of federal credit programs to counteract the consequences of monetary policy choices for particular sectors of the economy (notably, home construction and small business enterprise).

oif 18/07/14

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