Research Catalog
The power and independence of the Federal Reserve
- Title
- The power and independence of the Federal Reserve / Peter Conti-Brown.
- Author
- Conti-Brown, Peter, 1981-
- Publication
- Princeton : Princeton University Press, [2016]
- ©2016
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| Status | Format | Access | Call Number | Item Location |
|---|---|---|---|---|
Available - Can be used on site. Please visit New York Public Library - Schwarzman Building to submit a request in person. | Book/Text | Use in library | JBE 18-472 | Schwarzman Building - General Research Room 315 |
Details
- Description
- xiv, 347 pages : illustrations; 24 cm
- Summary
- "The independence of the Federal Reserve is considered a cornerstone of its identity, crucial for keeping monetary policy decisions free of electoral politics. But do we really understand what is meant by "Federal Reserve independence"? Using scores of examples from the Fed's rich history, The Power and Independence of the Federal Reserve shows that much common wisdom about the nation's central bank is inaccurate. Legal scholar and financial historian Peter Conti-Brown provides an in-depth look at the Fed's place in government, its internal governance structure, and its relationships to such individuals and groups as the president, Congress, economists, and bankers. Exploring how the Fed regulates the global economy and handles its own internal politics, and how the law does--and does not--define the Fed's power, Conti-Brown captures and clarifies the central bank's defining complexities. He examines the foundations of the Federal Reserve Act of 1913, which established a system of central banks, and the ways that subsequent generations have redefined the organization. Challenging the notion that the Fed Chair controls the organization as an all-powerful technocrat, he explains how institutions and individuals--within and outside of government--shape Fed policy. Conti-Brown demonstrates that the evolving mission of the Fed--including systemic risk regulation, wider bank supervision, and as a guardian against inflation and deflation--requires a reevaluation of the very way the nation's central bank is structured. Investigating how the Fed influences and is influenced by ideologies, personalities, law, and history, The Power and Independence of the Federal Reserve offers a clear picture of this uniquely important institution"--
- Subjects
- Monetary policy
- Banks and banking, Central
- United States
- Federal Reserve banks
- Monetary policy > United States
- BUSINESS & ECONOMICS / Public Finance
- POLITICAL SCIENCE / Public Policy / Economic Policy
- Banks and banking, Central > United States
- United States > Federal Reserve Board
- BUSINESS & ECONOMICS / Money & Monetary Policy
- United States > Economic policy
- BUSINESS & ECONOMICS / Banks & Banking
- Economic policy
- BUSINESS & ECONOMICS / Government & Business
- Bibliography (note)
- Includes bibliographical references (pages 277-339) and index.
- Call Number
- JBE 18-472
- ISBN
- 9780691164007 (hardback)
- 0691164002 (hardback)
- LCCN
- 2015019984
- OCLC
- 908084068
- Author
- Conti-Brown, Peter, 1981-
- Title
- The power and independence of the Federal Reserve / Peter Conti-Brown.
- Publisher
- Princeton : Princeton University Press, [2016]
- Copyright Date
- ©2016
- Type of Content
- text
- Type of Medium
- unmediated
- Type of Carrier
- volume
- Bibliography
- Includes bibliographical references (pages 277-339) and index.
- Research Call Number
- JBE 18-472