Monetary Policy and the Management of the Public Debt: Report of the Subcommittee on General Credit Control and Debt Management of the Joint Committee on the Economic Report, Congress of the United StatesU.S. Government Printing Office, 1952 - 80ÆäÀÌÁö |
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... period of preparation , it addressed a series of questions to the principal officers of the Federal Government concerned with monetary policy and debt management , and to nu- merous persons in the private economy . An excellent response ...
... period of preparation , it addressed a series of questions to the principal officers of the Federal Government concerned with monetary policy and debt management , and to nu- merous persons in the private economy . An excellent response ...
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... period of price rise , June 1950 - March 1951 .. 2. The period of relative price stability , March 1951- March 1952_- . 3. Could a more vigorous monetary policy have averted the price rise ? _ B. The wisdom of monetary and debt ...
... period of price rise , June 1950 - March 1951 .. 2. The period of relative price stability , March 1951- March 1952_- . 3. Could a more vigorous monetary policy have averted the price rise ? _ B. The wisdom of monetary and debt ...
1 ÆäÀÌÁö
... period , it is an open question whether the somewhat more restrictive monetary policy which fol lowed the Treasury ... period of rapid price rise the budget was strongly over - balanced and the money supply was increasing very slowly ...
... period , it is an open question whether the somewhat more restrictive monetary policy which fol lowed the Treasury ... period of rapid price rise the budget was strongly over - balanced and the money supply was increasing very slowly ...
2 ÆäÀÌÁö
... period . 4. The differences between the Treasury and the Federal Reserve during the period between the outbreak in Korea and the accord were rather small when viewed in perspective . Prior to the turn of the year 1950-51 , they were ...
... period . 4. The differences between the Treasury and the Federal Reserve during the period between the outbreak in Korea and the accord were rather small when viewed in perspective . Prior to the turn of the year 1950-51 , they were ...
3 ÆäÀÌÁö
... period in which it was in effect . Programs of this character are easily subject to abuse , however , and are unlikely to be uniform in their distribution of burden . They also tend to become less effective with the passage of time . We ...
... period in which it was in effect . Programs of this character are easily subject to abuse , however , and are unlikely to be uniform in their distribution of burden . They also tend to become less effective with the passage of time . We ...
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accord action agencies amount appointment audit balances bank reserve billion Board of Governors bond borrowing Chairman changes Compendium Congress Congressional consideration Council of Economic currency debt management Defense Production Act degree of independence deposits directors discussion dividends dollar Economic Advisers economic policy effect Employment Act Executive factors Federal Government Federal Open Market Federal Reserve Act Federal Reserve banks Federal Reserve System finance fiscal and monetary fiscal policy formulation of monetary Hearings high-level employment important increase inflation inflationary interest rates legislation mandate March 28 member banks ment money market money policy money supply nonmember banks Open Market Committee outbreak in Korea percent period present President price rise price stability principal public debt purposes question questionnaire recommend Regulation required reserves reserve requirements responsibility restrictive monetary policy selective credit controls Senator Flanders stability and high-level staff Subcommittee believes Subcommittee on Monetary tion Treasury United States dollar wholesale prices
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57 ÆäÀÌÁö - The Board of Governors of the Federal Reserve System, the Comptroller of the Currency, the Federal Home Loan Bank Board...
40 ÆäÀÌÁö - Employment Act of 1946". DECLARATION OF POLICY SEC. 2. The Congress hereby declares that it is the continuing policy and responsibility of the Federal Government to use all practicable means consistent with its needs and obligations and other essential considerations of national policy, with the assistance and cooperation of industry, agriculture, labor, and State and local governments, to coordinate and utilize all its plans, functions, and resources for the purpose of creating and maintaining,...
23 ÆäÀÌÁö - But we believe that the advantages of avoiding inflation are so great and that a restrictive monetary policy can contribute so much to this end that the freedom of the Federal Reserve to restrict credit and raise interest rates for general stabilization purposes should be restored even if the cost should prove to be a significant increase in service charges on the Federal debt and a greater inconvenience to the Treasury in its sale of securities for new financing and refunding purposes.
46 ÆäÀÌÁö - DIDC consists of the Secretary of the Treasury, the Chairman of the Board of Governors of the Federal Reserve System, the Chairman of the Board of...
57 ÆäÀÌÁö - System, the Director of the Budget, the Chairman of the Council of Economic Advisers to the President, and the Chairman of the Securities and Exchange Commission.
79 ÆäÀÌÁö - These discussions preceded the working out of the accord between the Treasury and the Federal Reserve concerning policies that deal with their related problems. The following joint announcement was made on March 3, 1951, for publication March 4, by the Secretary of the Treasury and the Chairman of the Board of Governors and of the Federal Open Market Committee of the Federal Reserve System...
67 ÆäÀÌÁö - The gold standard with provision for redemption in effect provides a system of golden wires to every individual with dollars, over which he can send messages of approval or disapproval to the central signal board. When our Government took the people's gold and thrust irredeemable promises to pay on them, it cut all these wires to the central signal box. The people were cut off. The lights went out on the central signal system and the people were left helpless. Thus absolute control of the people's...
79 ÆäÀÌÁö - Reserve felt that everything possible should be done to terminate the unwholesome situation that had developed and to coordinate the debt management responsibility of the Treasury with the Federal Reserve responsibility for restraining credit expansion. It was the immediate object of the Treasury to restore conditions in the market that would be favorable to refinancing the large volume of maturing obligations, as well as financing several billions of new money required during the remainder of the...
59 ÆäÀÌÁö - This independence has an impact on the formulation of monetary policy and hence is of direct interest to the Subcommittee. 1. Private Ownership of the Stock of the Federal Reserve Banks.— The stock of the Federal Reserve banks is owned by the member banks. The...
36 ÆäÀÌÁö - FOMC participants project the growth in economic activity should moderate to a pace close to that of the growth of potential both this year and next. Should that moderation occur as anticipated, it should help to limit inflation pressures over time. The projections of the members of the Board of Governors and the presidents of the Federal Reserve Banks, which are based on information available at the time of the last FOMC meeting, are for a gradual decline in inflation in coming quarters. As measured...