Search Results
Journal Article
The year 1970-a \\"modest\\" beginning for monetary aggregates
Working Paper
The market for deposit-type financial assets
Dissertation
Journal Article
A market-based approach to regulatory reform
A reprint of an address given by the Federal Reserve Bank of Cleveland President, outlining a four-point program to refocus bank regulations to a market-based system that would result in improved bank safety, soundness, and stability, with less dependence on the federal safety net.
Journal Article
Interest rates and monetary growth
Journal Article
The future of banking supervision
A prediction by Cleveland Federal Reserve Bank President Jerry Jordan that in the coming years, bank regulatory agencies will make greater use of market forces to discipline individual banks' behavior and will pay more attention to the functioning of the financial system as a whole.
Journal Article
The evolving global monetary order
In a speech at the Cato Institute, Jerry L. Jordan, President and CEO of the Federal Reserve Bank of Cleveland, discussed the forces shaping the emerging global monetary order and offered guidelines for the design of any international organization promoting efficient international financial markets. This Economic Commentary is adapted from his remarks at the Institute's Seventeenth Annual Monetary Conference on October 21, 1999.
Journal Article
FOMC policy actions in 1972
Journal Article
Money and monetary policy for the twenty-first century
This essay challenges the conventional wisdom about money and monetary policy. The role of money in fostering prosperity is a function of the quality, as well as the quantity, of money. Inflation always harms the performance of an economy. Deflations caused by productivity and innovation can be virtuous. A definition of a non-inflationary environment is set forth. Rapid real growth and low unemployment cannot cause inflation. There is no trade-off between inflation and employment. Higher commodity prices or "weak" exchange rates cannot cause inflation. High market interest rates are a ...
Conference Paper
The credit crunch: a monetarist's perspective