Wed. Feb 19th, 2020

A ‘vintage’ central bank

Until the oil crisis in 1973, central banks made accommodative policies and gave all the necessary credit. When Paul Volcker, the president of the Federal Reserve (Fed), broke out, he applied Milton Friedman's monetarist policies and set money-money targets.

Keep reading.

. (tagsToTranslate) central bank (t) (t) vintage (t) entity (t) return (t) control (t) amount (t) money (t) system (t) vary (t) type (t) interest ( t) be (t) next (t) 0% (t) period (t) extend

Source link