... and the Treasury-Federal Reserve accord, 1951 Joseph L. Lucia The accord of March 1951 in the United States is heralded as the eman- cipation of the central bank from the Treasury. Little has been written, however, about the major characters of this drama. In this article, the role of Allan...

...Rob Roy McGregor; Warren Young In this essay, we focus on three district Federal Reserve Bank presidents who took on the role of public intellectual in the 1970s and early 1980s. They reflected their districts’ economic concerns, presenting them and their own views at the Federal Open Market...

...William P. Yohe Correspondence may be addressed to the author, Department of Economics, Duke University, Durham NC 27706. Copyright © 1990 by Duke University Press 1990 References Anderson , Clay J. 1965 . A half-century of Federal Reserve policymaking, 1914–1964...

...Michele Alacevich; Pier Francesco Asso We explore the foreign economic policy activities of Arthur I. Bloomfield, a prominent economist of the Federal Reserve Bank of New York in the 1940s and the 1950s. During the cold war, Bloomfield headed several missions to South East Asia, assisting local...

...Judge Glock Histories of the Federal Reserve have argued that up through the Great Depression it adhered to a “real bills” or “Riefler Burgess” conception of monetary policy, which caused it to focus on short-term borrowing as an indicator of the stance of monetary policy. This article argues...

... that dominated from the mid-1940s to the mid-1970s. It proceeds by comparing alternative survey programs funded by the Federal Reserve during that period, and analyzing the ensuing controversy on the purposes of the observation of attitudes, intentions, and expectations. It claims that understanding Katona’s...

..., the role played by macroeconometric models has been little investigated. This article enlarges the perspective looking at the interactions between monetary economists outside and within the Federal Reserve System, through the building of the Fed-MIT-Penn large-scale econometric model, and the St. Louis...

...Michele Alacevich; Pier Francesco Asso Abstract Between 1946 and 1952, Albert Hirschman worked as an economist in charge of the Western European desk of the research branch of the Board of Governors of the Federal Reserve System in Washington, DC. In this position he wrote extensively on patterns...

..., and policy observer. True, some have argued that Fisher was innocent of these charges. He could not have known of the contractionary direct pres- sure monetary policies pushed in late-1929 and 1930 chiefly by Federal Reserve Board member Adolph Miller. These unforeseeable policies precipitated the crash...

..., the Chicagoans advocated the use of the federal government’s fiscal operations to conduct monetary policy—entailing an expansion of the size of the Fed’s balance sheet—to combat the Great Depression, the abandonment of the gold standard in favor of exchange-rate flexibility, one-hundred- percent reserve...

...William P. Yohe Copyright © 1982 by Duke University Press 1982 References Anderson , B. M. 1917 . The value of money . New York. Barger , Harold 1964 . The management of money: a survey of American experience . Chicago. Board of Governors of the Federal Reserve System...

...). Establishment of the Federal Reserve System in 1913 was the result 288 History of Politiccrl Economy /3:2 (1981) of this search for a device for removing a recognized cause of monetary disequilibrium. The Federal Reserve Act provided for pooling reserves in Federal Reserve banks, issue...

... of Political Economy 41 (February): 1 -32. ____. 1933b . The Expansion of Bank Credit. II. Journal of Political Economy 41 (April): 152 -93. Banking and Monetary Statistics 1914-1941 . 1943 . Washington, D.C.: Board of Governors of the Federal Reserve System. Friedman, M., and A. J. Schwartz...

... of the Federal Reserve Bank of New York. GEORGEGARVY is retired Vice-President cind Senior Advisor. Federal Reserve Bank of New York. 1. Among unpublished data, the present article draws on the files of the Federal Reserve Bank of New York (including recently acquired items from the estate...

..., such as intercept adjustments or fudging, were what clients paid for as the macro-econometric modeling industry went private. References Acosta Juan Cherrier Beatrice 2018 . “ The Transformation of Economic Analysis at the Federal Reserve during the 1960s .” Working paper , September 30...

... of whether it similarly can be said that the Friedman and Schwartz’s 1963 analysis and criticism of Federal Reserve actions in the 1929-33 period was anticipated by other economists. The causes of the severity of the depression of the 1930s have not lacked for interest. Contemporary thought has...

...Thomas M. Humphrey Correspondence may be addressed to Thomas M. Humphrey, Federal Reserve Bank of Richmond, P.O. Box 27622, Richmond, VA 23261; e-mail: Tom.humphrey@rich.frb.org . Duke University Press 2001 Burgess, W. Randolph. 1927 . The Reserve Banks and the Money Market . New...

.... The Monetarist Controversy, 1977 . Federal Reserve Bank of San Francisco . Patinkin , Don , 1972 . “The Chicago Tradition, the Quantity Theory, and Friedman.” Studies in Monetary Economics . New York. Patinkin , Don , 1973 . “On the Monetary Economics of Chicagoans and Non-Chicagoans: Comment...

... Anti-intellectualism, 1–3 History of Political Economy 45 (annual suppl.)  DOI 10.1215/00182702-2311109 Copyright 2013 by Duke University Press 318 Index Anti-intellectualism in American Beige Books, Federal Reserve Life (Hofstadter), 1–2 Banks, 168–69, 182–86...

... States , edited by Duesenberry James Fromm Gary Klein Lawrence Kuh Edwin . Chicago : Rand-McNally . De Leeuw Frank Gramlich Edward M. 1968 . “ The Federal Reserve-MIT Economic Model .” Federal Reserve Bulletin, January . Board of Governors of the Federal Reserve...