Federal Reserve's Attachment to the Free Reserve Concept: A Staff Analysis
Second part of a three part staff analysis of the Federal Reserve System's policy action pertaining to the System's determination of the volume of money and credit, "An Analysis of Federal Reserve Monetary Policy Making."
This analysis deals with the role of the "free reserves" concept in Federal Reserve policy making, and raises questions about the validity of assigning such an important role to this concept, as the Federal Reserve has done. Prepared by Karl Brunner and Allan H. Meltzer.
Y 4.B 22/1:F 31/35
United States. Congress. House. Committee on Banking and Currency. Subcommittee on Domestic Finance, Meltzer, Allan H. and Brunner, Karl, ([year]), Federal Reserve's Attachment to the Free Reserve Concept: A Staff Analysis, [issue title/date], accessed Apr 24, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=396
- United States. Congress. House. Committee on Banking and Currency. Subcommittee on Domestic Finance
- Meltzer, Allan H.
- Brunner, Karl
- Congressional Documents
- Banking Reserves
- Monetary Policy
- Citations and References for Allan Meltzer’s History of the Federal Reserve, Volumes 1 and 2
- Alternative Approach to the Monetary Mechanism
- Some General Features of the Federal Reserve's Approach to Policy: A Staff Analysis