The Fed's Real Job

Business reporters and Fed watchers focus on monetary policy which is no longer--if it ever was--the Fed's main job, according to Lester Telser. Ben Bernanke's own research suggests that even long ago the main danger to the economy came from the non-monetary effects of disruptions in confidence in the soundness of the banking system, a fact that is all the more true today.

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Year of publication:	2007
Authors:	Telser, Lester
Published in:	The Economists' Voice. - Berkeley Electronic Press. - Vol. 4.2007, 4, p. 4-4
Publisher:	Berkeley Electronic Press
Subject:	monetary policy

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Extent:	application/pdf
Type of publication:	Article
Notes:	oai:bepress:
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005585283