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Federal Reserve Politics And Monetary Instability

In: The Political Economy of Central Banking

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  • Gerald Epstein

Abstract

The crucial significance of the Federal Reserve System in the making of U.S. macroeconomic policy has once again been made painfully apparent. The stagnation experienced by the U.S. economy since 1979 has, as its proximate cause, the restrictive monetary policies implemented by the U.S. central bank.

Suggested Citation

  • Gerald Epstein, 2019. "Federal Reserve Politics And Monetary Instability," Chapters, in: The Political Economy of Central Banking, chapter 4, pages 86-115, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:18820_4
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    Keywords

    Economics and Finance;

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