Ebook Download Floored!: How a Misguided Fed Experiment Deepened and Prolonged the Great Recession
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Floored!: How a Misguided Fed Experiment Deepened and Prolonged the Great Recession
Ebook Download Floored!: How a Misguided Fed Experiment Deepened and Prolonged the Great Recession
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Review
"Floored! gives an extraordinarily clear exposition of how the Fed sets the policy interest rate on excess reserves. It thereby reveals the monetary distortions caused by circumventing the market. George Selgin's advices should be read carefully by the Fed and followed." --John B. Taylor, Stanford University"Following the Great Recession, most Central Banks created money hugely; yet inflation remained below target. In this important book, George Selgin explains how the short-term experiment of paying interest on bank reserves had the unintended consequence of completely breaking the link between Central Bank policies and the growth of the broader monetary aggregates--and throws much needed light upon a largely misunderstood aspect of recent monetary policies." --Charles Goodhart, London School of Economics
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Product details
Paperback: 230 pages
Publisher: Cato Institute (October 22, 2018)
Language: English
ISBN-10: 1948647087
ISBN-13: 978-1948647083
Product Dimensions:
5.5 x 0.5 x 8.5 inches
Shipping Weight: 10.9 ounces (View shipping rates and policies)
Average Customer Review:
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Amazon Best Sellers Rank:
#384,973 in Books (See Top 100 in Books)
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