The role of money and monetary policy

@article{Brunner1968TheRO,
  title={The role of money and monetary policy},
  author={Karl M. Brunner},
  journal={Canadian Parliamentary Review},
  year={1968},
  volume={50},
  pages={8-24}
}
  • K. Brunner
  • Published 1968
  • Economics
  • Canadian Parliamentary Review
HE DEVELOPMENT of monetary analysis in the past decade has intensified the debate concerning the role of money and monetary policy. Extensive research fostered critical examinations of the Federal Reserve’s traditional descriptions of policy and of the arrangements governing policymaking. Some academic economists and others attribute the cyclical fluctuations of monetary growth and the persistent problem concerning the proper interpretation of monetary policy to the established procedures of… 

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MY ASSIGNMENT IS to review the influence of monetary policy on the American economy. I do so from the vantage point of one who regUlarly attends the meetings of the Federal Open Market Committee in