Monetary Politics
The Federal Reserve and the Politics of Monetary Policy

John T. Woolley (Author)

9780521312479, Cambridge University Press

Paperback, published 25 July 1986

296 pages, 1 b/w illus. 13 tables
22.9 x 15.2 x 1.7 cm, 0.44 kg

'His findings are substantiated by the data; his documentation is superb; the empirical evidence is convincing. Woolley has made a solid, new contribution to the literature. Both political scientists and economists who seek the deeper understanding of the Fed and the influence of outside pressures will find his analysis to be very rewarding.' Policy Studies Journal

This is the first book to describe and analyze the relationships between the Federal Reserve and the president, Congress, bankers, and economists. Far from being politically independent, the Federal Reserve is shown to be sensitive to a wide range of political influences.

Preface
1. The Federal Reserve and the politics of monetary policy: introduction and overview
2. A capsule history of the Federal Reserve system
3. Recruitment and selection of Federal Reserve personnel
4. Bankers and the Federal Reserve
5. Economists and the Federal Reserve
6. The president and the Federal Reserve
7. Congress and the Federal Reserve
8. Making monetary policy in a political environment: the election of 1972
9. Monetary politics: a summary
Appendixes
Experiences of notable monetarists
Notes
Bibliographic note
Index.

Subject Areas: Politics & government [JP]