Brunner presenta el libro de Currie, The Supply and Control of Money in the United States y destaca su aporte en la construcción de lo que es hoy una política monetaria en tres aspectos: Currie fue uno de los pioneros en la recolección y evaluación de estadísticas monetarias; brindó un...

The last twenty years offer remarkable evidence about the irrelevance of some political labels. The drift into permanent inflation, initiated by a "liberal" Administration under President Johnson, was continued under three "conservative" Administrations. The drift in our budget "policies" even...

The deficit of the Federal budget dominates the attention of the public arena. The process began with President Carter's ill-fated budget announcement in February 1980. The response of the bond market revealed at the time that an increasing segment of the public recognized the futility of...

The reflexes of politicians to problems, in particular those created by their past policies, are well conditioned. This pattern holds in particular for international financial problems. Major swings in the dollar in foreign exchange markets seem reliably associated with rising demands for...

The Shadow Open Market Committee was initiated in the summer of 1973. It was designed to offer an organized forum for a systematic appraisal of U.S. stabilization policies. A deep concern over policies pursued in the past ten years motivated the initiative. The financial policies dominantly...