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A Global Monetary PlagueA 100-year History of Fed-origin Asset Price Inflation

A Global Monetary Plague: A 100-year History of Fed-origin Asset Price Inflation [Great monetary experiments in the US did not start under the Administration of President Obama. In the 100-year plus history of the Federal Reserve, there have been several big experiments, although arguably these were not launched with such deliberation. Often the lead actors did not even realize that they were designing or administering an experiment. The triggers to experimentation have included transition from peace to war or war to peace, Great Depression, and public dissatisfaction at economic outcomes (high inflation, weak and volatile growth) for which monetary policymakers have been held responsible by the American public and their elected representatives.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Global Monetary PlagueA 100-year History of Fed-origin Asset Price Inflation

Brown, Brendan
Springer Journals — Dec 3, 2015
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28 pages

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Publisher
Palgrave Macmillan UK
Copyright
© The Editor(s) (if applicable) and The Author(s) 2015
ISBN
978-1-349-55236-8
Pages
73 –101
DOI
10.1057/9781137478856_4
Publisher site
See Chapter on Publisher Site

Abstract

[Great monetary experiments in the US did not start under the Administration of President Obama. In the 100-year plus history of the Federal Reserve, there have been several big experiments, although arguably these were not launched with such deliberation. Often the lead actors did not even realize that they were designing or administering an experiment. The triggers to experimentation have included transition from peace to war or war to peace, Great Depression, and public dissatisfaction at economic outcomes (high inflation, weak and volatile growth) for which monetary policymakers have been held responsible by the American public and their elected representatives.]

Published: Dec 3, 2015

Keywords: Monetary Policy; Federal Reserve; European Central Bank; Equity Market; Real Estate Market

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