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Electronic Resource

The Fed's Real Job (2007)

Telser, Lester G

Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)

Economists' voice 4.2007, 4, art4

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ISSN: 1553-3832

Source: Berkeley Electronic Press Academic Journals

Topics: Economics

Notes: Business reporters and Fed watchers focus on monetary policy which is no longer--if it ever was--the Fed's main job, according to Lester Telser. Ben Bernanke's own research suggests that even long ago the main danger to the economy came from the non-monetary effects of disruptions in confidence in the soundness of the banking system, a fact that is all the more true today.

Type of Medium: Electronic Resource

URL: http://www.bepress.com/ev/vol4/iss4/art4

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