There are two interrelated usages of the term Bretton Woods in international macroeconomics. First it refers to the institutional structure put in place to govern international financial relationships in the post World War II era. Second it refers to the way in which the financial interactions...

The 20th century consensus regarding the role of a central bank – to maintain price stability was upset by the global financial crisis of 2007-2009. Central banks changed their mode of behavior and new regulatory structures were introduced around the world. In this essay, I examine one of the...

This paper examines the structure of expectations of the weekly money supply announcement in the late 1970s. The data used are from a weekly telephone survey of money market participants. The rationality and structure of expectations are explored with the data organized in three ways:the mean...

This paper examines the impact of the money supply and inflation rate announcements on interest rates. Survey data on expectations of the money supply and consumer and producer price indexes are used to distinguish anticipated and unanticipated components of the announcements. This distinction...

There are two interrelated usages of the term Bretton Woods in international macroeconomics. First it refers to the institutional structure put in place to govern international financial relationships in the post World War II era. Second it refers to the way in which the financial interactions...