Selgin, George; Lastrapes, William D.; White, Lawrence H. - In: Journal of Macroeconomics 34 (2012) 3, pp. 569-596
As the 100th anniversary of the 1913 Federal Reserve Act approaches, we assess whether the nation’s experiment with the Federal Reserve has been a success or a failure. Drawing on a wide range of recent empirical research, we find the following: (1) The Fed’s full history (1914 to present)...
