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Conference Paper
The role of central banks
Journal Article
The contributions and limitations of \"monetary\" analysis
During Voicker's presidency, the role of monetary aggregates as a guide to policy came under increasing public discussion. In this speech, Voicker discusses the advantages and pitfalls of a strategy of targeting monetary aggregates and alternative operating procedures. He argues that monetary targeting imposes a beneficial discipline on Federal Reserve policies. He also notes, however, that instability in velocity over horizons relevant for policy and the possibility of credit market disturbances make attention to other sources of information imperative.
Journal Article
Recent developments in monetary policy
Journal Article
Statement to Congress, September 24, 1986 (international trade)
Journal Article
Statement on the death of Arthur F. Burns
Journal Article
Statements to Congress, July 21, 23, 1987(monetary policy)