Economic growth, low inflation, and financial stability are among the most important goals of policy makers, and central banks such as the Federal Reserve are key institutions for achieving these goals. In Asset Prices and Monetary Policy, leading scholars and practitioners probe the interaction...

This volume provides a critical evaluation of Anna J. Schwartz's work and probes various facets of the immense contribution of her scholarship-How well has it stood the test of time? What critiques have been leveled against it? How has monetary research developed over the years, and how has her...