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Author:Friedman, Benjamin M. 

Working Paper
Economic activity and the short-term credit markets: an analysis of prices and quantities

Working Paper Series, Macroeconomic Issues , Paper 93-17

Conference Paper
The decline of commercial banking: implications for monetary policy

Proceedings , Paper 19

Working Paper
A price target for U.S. monetary policy? Lessons from the experience with money growth targets

The cutting edge of recent efforts to reshape monetary policy in many countries has been to impose a price target on the central bank. This paper examines such a policy in light of the Federal Reserve System's experience with money targeting from the late 1970s through the mid 1980s. The empirical analysis documents the Federal Reserve's initial use and subsequent disregard of money growth targets, and shows that abandoning these targets was a sensible response to the changing mix of shocks affecting the U.S. economy -- specifically, an increase in the relative volatility of money demand ...
Working Paper Series, Macroeconomic Issues , Paper WP-96-14

Journal Article
What remains from the Volcker experiment?

Review , Volume 87 , Issue Mar , Pages 323-328

Conference Paper
The role of interest rates in Federal Reserve policymaking

Conference Series ; [Proceedings] , Volume 45 , Issue Oct , Pages 43-66

Conference Paper
The role of judgment and discretion in the conduct of monetary policy: consequences of changing financial markets

Proceedings - Economic Policy Symposium - Jackson Hole

Discussion Paper
Credit rationing: a review

Staff Studies , Paper 72

Conference Paper
The value of intermediate targets in implementing monetary policy

Proceedings - Economic Policy Symposium - Jackson Hole

Conference Paper
How does it matter? Commentary: whatever happened to contracyclical policy?

Proceedings

Working Paper
Money, income, prices and interest rates after the 1980s

Working Paper Series, Macroeconomic Issues , Paper 90-11

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