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SUMMARY:Doctrinal determinants of Federal Reserve policy\, 1914-1934 - Pro
 fessor Barry Eichengreen\,  George C. Pardee and Helen N. Pardee Professor
  of Economics and Professor of Political Science at the University of Cali
 fornia\, Berkeley
DTSTART:20150511T160000Z
DTEND:20150511T173000Z
UID:TALK55862@talks.cam.ac.uk
CONTACT:Dr Duncan Needham
DESCRIPTION:This paper describes the doctrinal foundations of Federal Rese
 rve policy from the establishment of the institution through the early 193
 0s\, focusing on the role of international factors in those doctrines and 
 conceptions. International considerations were at most part of the constel
 lation of factors shaping the Federal Reserve’s outlook and policies eve
 n in the high gold standard era that ended in 1933. However\, neither was 
 the influence of international factors absent\, much less negligible. Nor 
 were the Fed’s policies without consequences for the rest of the world. 
 Having described the doctrinal foundations of Federal Reserve policy\, I a
 nalyze how the doctrines in question influenced the central bank’s actio
 ns and shaped the impact of monetary policy on a number of key occasions\,
  focusing in particular on episodes where the international economy and th
 e rest of the world played an important role.
LOCATION:Darwin College\, Old Library
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