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The reform of October 1979: How it happened and why

Lindsay, David E.; Orphanides, Athanasios; Rasche, Robert H. - 2004

This study offers a historical review of the monetary policy reform of October 6, 1979, and discusses the influences …) meetings during 1979. We then present and discuss in detail the reasons for the FOMC's adoption of the reform and the … the reform were consistent with monetarism, new, neo, or old-fashioned Keynesianism, nominal income targeting, and …

Persistent link: https://www.econbiz.de/10010298294

The triffin dilemma again

Campanella, Edoardo - 2009

Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of its double role of national and international currency. This is what I call the Triffin dilemma, an ever green concept in international finance. In the paper I show how it works through...

Persistent link: https://www.econbiz.de/10010299489

The Triffin dilemma again

Campanella, Edoardo - In: Economics: The Open-Access, Open-Assessment E-Journal 4 (2010) 2010-25, pp. 1-18

Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of dollar's double role of national and international currency. This is the Triffin dilemma. The paper shows how it works through three examples: price of commodities, dollarization, and the...

Persistent link: https://www.econbiz.de/10010301326