Monetary policy describes the ways in which the central banks change the money supply in order to accomplish certain economic objectives. In the U.S. this is done by the Federal Reserve.

In the book, he and co-author Anna Schwartz championed monetarism and argued that the disastrous Great Depression of the 1930s came about as a result of poorly conjured monetary policy by the ...

The Federal Reserve doesn’t need to adopt a “Monetary Policy Rule.” Not only would the central bank shed the pretense of rules-based constraints on its power during times of upheaval and unc ...