After the Accord A History of Federal Reserve Open Market Operations, the US Government Securities Market, and Treasury Debt Management from 1951 to 1979
Book contents
- After the Accord
- Studies in Macroeconomic History
- After the Accord
- Copyright page
- Dedication
- Contents
- Charts
- Tables
- Boxes
- Foreword
- Acknowledgments
- Treasury Officials
- Federal Reserve Officials
- The Many Varieties of Dealer
- 1 Introduction
- Part I The System and the Market in the 1940s
- Part II The Accord and Its Aftermath
- Part III The New Regime
- Contents
- 10 Monetary Policy in 1954
- 11 Policy Instruments for Reserves Management
- 12 Monetary Policy in 1955
- 13 Pragmatism in the Accommodation of Treasury Offerings
- 14 1956 and 1957
- Part IV Summer 1958 and Its Consequences
- Part V The End of Bills Preferably
- Part VI The 1960s
- Part VII Updating Market Infrastructures
- Part VIII The 1970s
- Part IX Infrastructure in the 1970s
- References
- Index
10 - Monetary Policy in 1954
from Part III - The New Regime
Published online by Cambridge University Press: 14 January 2021
Book contents
- After the Accord
- Studies in Macroeconomic History
- After the Accord
- Copyright page
- Dedication
- Contents
- Charts
- Tables
- Boxes
- Foreword
- Acknowledgments
- Treasury Officials
- Federal Reserve Officials
- The Many Varieties of Dealer
- 1 Introduction
- Part I The System and the Market in the 1940s
- Part II The Accord and Its Aftermath
- Part III The New Regime
- Contents
- 10 Monetary Policy in 1954
- 11 Policy Instruments for Reserves Management
- 12 Monetary Policy in 1955
- 13 Pragmatism in the Accommodation of Treasury Offerings
- 14 1956 and 1957
- Part IV Summer 1958 and Its Consequences
- Part V The End of Bills Preferably
- Part VI The 1960s
- Part VII Updating Market Infrastructures
- Part VIII The 1970s
- Part IX Infrastructure in the 1970s
- References
- Index
Summary
Discusses the initial implementation of monetary policy under the operating regime adopted in 1953, including the use of free reserves as a policy guide and the communication of policy instructions from the Open Market Committee to the manager of the System Open Market Account.
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- After the AccordA History of Federal Reserve Open Market Operations, the US Government Securities Market, and Treasury Debt Management from 1951 to 1979, pp. 135 - 149Publisher: Cambridge University PressPrint publication year: 2021