Wallich, Henry C.; Keir, Peter M. - In: Kredit und Kapital 11 (1978) 1, pp. 30-52
This essay discusses operating techniques and policy guides for U.S. monetary policy since the end of World War II …. During the late 1930's and 1940's, monetary policy had played a relatively minor role. In the late 1940's, the policy of … infiation". The 1951 "Accord" between the Federal Reserve and Treasury restored the freedom of monetary policy. In early 1953 …