TY - BOOK ED - Federal Reserve Bank of Boston. TI - Consumer spending and monetary policy : : the linkages, proceedings of a monetary conference Nantucket Island, Massachusetts June 1971/ AV - HC110.C6 M6 1971 U1 - 339.4'10973 PY - 1971/// CY - [Boston PB - Federal Reserve Bank of Boston KW - Consumption (Economics) KW - Monetary policy N1 - "Sponsored by the Federal Reserve Bank of Boston; Includes bibliographical references N2 - The purpose of the present paper is to examine the implications of the Federal Reserve-MIT-Penn Model with respect to the current question with which this conference is concerned. That is to ascertain how monetary policy affects economic activity through its direct impact on consumers' expenditure. ER -