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History of Political Economy (2013) 45 (suppl_1): 166–190.
Published: 01 December 2013
...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...
History of Political Economy (1990) 22 (3): 465–488.
Published: 01 September 1990
...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...
History of Political Economy (1983) 15 (1): 106–121.
Published: 01 March 1983
... 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...
History of Political Economy (2009) 41 (2): 249–270.
Published: 01 June 2009
...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...
History of Political Economy (2019) 51 (2): 297–327.
Published: 01 April 2019
...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...
History of Political Economy (2020) 52 (5): 970–973.
Published: 01 October 2020
... monetary policies pushed in late-1929 and 1930 chiefly by Federal Reserve Board member Adolph Miller. These unforeseeable policies precipitated the crash and 972 Book Reviews subsequent depression resulting in the stock price deflation that invalidated Fisher s otherwise correct predictions. If so, he...
History of Political Economy (2012) 44 (suppl_1): 137–159.
Published: 01 December 2012
... 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...
History of Political Economy (2009) 41 (3): 545–574.
Published: 01 September 2009
... as a “moderate Bullionist.” However, his reserved support for convertibility during this period reflects his disappointment with the Bank directors whose fundamental misunderstanding of the monetary system threatened the stability of the British economy. For this reason, the shift in Thornton's position...
History of Political Economy (2019) 51 (2): 259–296.
Published: 01 April 2019
..., 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...
History of Political Economy (2019) 51 (3): 449–470.
Published: 01 June 2019
..., 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...
History of Political Economy (2002) 34 (1): 31–53.
Published: 01 March 2002
... 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...
History of Political Economy (1988) 20 (2): 299–308.
Published: 01 June 1988
... . ‘The theory of multiple expansion of deposits: what it is and whence it came.’ Annual Report, Federal Reserve Bank of Richmond. Johnson , Ivan C. , and William W. Roberts, 1982 . Money and banking . Chicago. Mints , Lloyd W. 1945 . A history of banking theory . Chicago. Phillips...
History of Political Economy (1981) 13 (2): 285–299.
Published: 01 June 1981
... withdrawals (in coin or certificates) from the banks into circula- tion. With fixed reserve requirements, and the tendency of banks to maximize profits by keeping ‘loaned up,’ this produced a deficiency in bank reserves, necessitating contraction of bank loans and investments and deposits...
History of Political Economy (1982) 14 (4): 583–607.
Published: 01 November 1982
...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...
History of Political Economy (1988) 20 (1): 65–83.
Published: 01 March 1988
... 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...
History of Political Economy (2001) 33 (Suppl_1): 162–189.
Published: 01 December 2001
...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.email@example.com . Duke University Press 2001 Burgess, W. Randolph. 1927 . The Reserve Banks and the Money Market . New...
History of Political Economy (1991) 23 (1): 95–100.
Published: 01 March 1991
... of assumptions about population, the distinction between the falling wage thesis and the immiseration doctrine, and the nature of Marx’s critique of Malthusian- ism. This comment concerns their arguments about the relationship between the falling wage thesis and the prediction of a rising reserve army...
History of Political Economy (1978) 10 (3): 454–490.
Published: 01 September 1978
...George Garvy Copyright © 1978 by Duke University Press 1978 References Burgess , W. Randolph “Index Numbers for Wages of Common Labor.” Journal of the American Statistical Association , March 1922 . Burgess , W. Randolph Interpretations of Federal Reserve Policy...
History of Political Economy (1991) 23 (1): 87–92.
Published: 01 March 1991
... passed were closer in nature to a funded arrangement than they are to- day. Later developments seem to have changed them towards a greater reliance on the pay-as-you-go system, possibly combined with con- tingency reserves. This trend was exemplified in my HOPE article (Petersen 1986,405-6...
History of Political Economy (1988) 20 (2): 173–190.
Published: 01 June 1988
... basis for this claim? When Marx attacked the Malthu- sian doctrine that restriction of the growth of population would tend to reduce the “reserve army’’ of labor and improve the level of wages, was he on firm ground in terms of his own theory of capitalist development? We intend to examine...