Inside the Fed:Monetary Policy and Its Management, Martin through Greenspan to Bernanke
Stephen H. Axilrod
The MIT Press
© 2009 Massachusetts Institute of Technology
ISBN 978-0-262-01249-2 (hardcover : alk. paper)
Preface vii
Introduction 1
1 Overview of Policy Management and Managers 5
2 In Bill Martin’s Time 23
3 Arthur Burns and the Struggle against Infl ation 55
4 The Miller Interlude 79
5 Paul Volcker and the Victory over Infl ation 91
6 The Greenspan Years and After 123
7 The Fed and Its Image 159
8 Summing Up and Looking Ahead 173
Appendix A 187
Appendix B 189
Notes 191
Index 199