The myth of independence : (Record no. 33317)

MARC details
LIBRARY OF CONGRESS CONTROL NUMBER
LC control number 2017014304
ISBN
International Standard Book Number 9780691163192
DEWEY DECIMAL CLASSIFICATION NUMBER
Call number 332.110973 BI MY
MAIN ENTRY--PERSONAL AUTHOR
Authors Binder, Sarah A.
TITLE STATEMENT
Title The myth of independence :
Subtitle how Congress governs the Federal Reserve /
Statement of responsibility, etc. Sarah Binder, Mark Spindel
PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication Princeton :
Publisher Princeton University Press,
Date c2017.
PHYSICAL DESCRIPTION
Extent xv, 282 p. :
Other Details ill. ;
Size 25 cm.
BIBLIOGRAPHY, ETC. NOTE
Note Includes bibliographical references and index.
SUMMARY
Summary Born out of crisis a century ago, the Federal Reserve has become the most powerful macroeconomic policymaker and financial regulator in the world. The Myth of Independence traces the Fed's transformation from a weak, secretive, and decentralized institution in 1913 to a remarkably transparent central bank a century later. Offering a unique account of Congress's role in steering this evolution, Sarah Binder and Mark Spindel explore the Fed's past, present, and future and challenge the myth of its independence. Binder and Spindel argue that recurring cycles of crisis, blame, and reform propelled lawmakers to create and revamp the powers and governance of the Fed at critical junctures, including the Panic of 1907, the Great Depression, the postwar Treasury-Fed Accord, the inflationary episode of the 1907s, and the recent financial crisis. Marshaling archival sources, interviews, and statistical analyses, the authors pinpoint political and economic dynamics that shaped interactions between the legislature and the Fed, and that have generated a far stronger central bank than anticipated at its founding. The Fed today retains its unique federal style, diluting the ability of lawmakers and the president to completely centralize control of monetary policy. In the long wake of the financial crisis, with economic propsects decidedly subpar, partisan rivals in Congress seem poised to continue battling over the Fed's statutory mandates and the powers given to achieve them. Examining the interdependent relationship between America's Congress and its central bank, The Myth of Independence presents critical insights about the future of monetary and fiscal policies that drive the nation's economy. -- from dust jacket.
SUBJECT ADDED ENTRY--TOPICAL TERM
Topical Heading Federal Reserve banks
Geographic United States
SUBJECT ADDED ENTRY--TOPICAL TERM
Topical Heading Monetary policy
Geographic United States
ADDED ENTRY
Personal name Spindel, Mark,
Dates 1966-
ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://uowd.box.com/s/by5s136tzpldve1nb6pq1lp34ssidrh2">https://uowd.box.com/s/by5s136tzpldve1nb6pq1lp34ssidrh2</a>
Public note Location Map
MAIN ENTRY--PERSONAL AUTHOR
-- 13392
SUBJECT ADDED ENTRY--TOPICAL TERM
-- 16824
SUBJECT ADDED ENTRY--TOPICAL TERM
-- 16825
ADDED ENTRY
-- 16826
Holdings
Date last seen Full call number Barcode Price effective from Koha item type Lost status Source of classification or shelving scheme Damaged status Not for loan Withdrawn status Permanent location Current location Shelving location Date acquired Source of acquisition
04/12/2017 332.110973 BI MY T0058727 04/12/2017 REGULAR   Dewey Decimal Classification       University of Wollongong in Dubai University of Wollongong in Dubai Main Collection 20/02/2018 Kinokuniya