Coverart for item
The Resource The myth of independence : how Congress governs the Federal Reserve, Sarah Binder, Mark Spindel

The myth of independence : how Congress governs the Federal Reserve, Sarah Binder, Mark Spindel

Label
The myth of independence : how Congress governs the Federal Reserve
Title
The myth of independence
Title remainder
how Congress governs the Federal Reserve
Statement of responsibility
Sarah Binder, Mark Spindel
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
Born out of crisis a century ago, the Federal Reserve has become the most powerful macroeconomic policymaker and financial regulator in the world. The Myth of Independence traces the Fed's transformation from a weak, secretive, and decentralized institution in 1913 to a remarkably transparent central bank a century later. Offering a unique account of Congress's role in steering this evolution, Sarah Binder and Mark Spindel explore the Fed's past, present, and future and challenge the myth of its independence. Binder and Spindel argue that recurring cycles of crisis, blame, and reform propelled lawmakers to create and revamp the powers and governance of the Fed at critical junctures, including the Panic of 1907, the Great Depression, the postwar Treasury-Fed Accord, the inflationary episode of the 1907s, and the recent financial crisis. Marshaling archival sources, interviews, and statistical analyses, the authors pinpoint political and economic dynamics that shaped interactions between the legislature and the Fed, and that have generated a far stronger central bank than anticipated at its founding. The Fed today retains its unique federal style, diluting the ability of lawmakers and the president to completely centralize control of monetary policy. In the long wake of the financial crisis, with economic propsects decidedly subpar, partisan rivals in Congress seem poised to continue battling over the Fed's statutory mandates and the powers given to achieve them. Examining the interdependent relationship between America's Congress and its central bank, The Myth of Independence presents critical insights about the future of monetary and fiscal policies that drive the nation's economy. -- from dust jacket
Writing style
http://library.link/vocab/ext/novelist/bookUI
10578793
Cataloging source
DLC
http://library.link/vocab/creatorName
Binder, Sarah A
Dewey number
332.1/10973
Illustrations
  • illustrations
  • maps
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorDate
1966-
http://library.link/vocab/relatedWorkOrContributorName
Spindel, Mark
http://library.link/vocab/resourcePreferred
True
http://library.link/vocab/subjectName
  • United States
  • United States
  • United States
  • United States
  • Federal Reserve banks
  • Monetary policy
  • United States
  • Federal Reserve banks
  • Monetary policy
  • Politics and government
  • United States
Target audience
adult
http://bibfra.me/vocab/lite/titleRemainder
how congress governs the Federal Reserve
Label
The myth of independence : how Congress governs the Federal Reserve, Sarah Binder, Mark Spindel
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Monetary politics -- The blame game -- Creating the Federal Reserve -- Opening the act in the wake of the Depression -- Midcentury modern central banking -- The great inflation and the limits of independence -- The only game in town -- The myth of independence
Control code
ocn974676509
Dimensions
25 cm
Extent
xv, 282 pages
Isbn
9780691163192
Lccn
2017014304
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations, maps
System control number
(OCoLC)974676509
Label
The myth of independence : how Congress governs the Federal Reserve, Sarah Binder, Mark Spindel
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Monetary politics -- The blame game -- Creating the Federal Reserve -- Opening the act in the wake of the Depression -- Midcentury modern central banking -- The great inflation and the limits of independence -- The only game in town -- The myth of independence
Control code
ocn974676509
Dimensions
25 cm
Extent
xv, 282 pages
Isbn
9780691163192
Lccn
2017014304
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations, maps
System control number
(OCoLC)974676509

Library Locations

    • Central LibraryBorrow it
      710 W. Cesar Chavez St, Austin, TX, 78701, US
      30.271302100000 -97.746016800000
    • Manchaca Road Branch Borrow it
      5500 Manchaca Road, Austin, TX, 78745, US
      30.2166039 -97.79733689999999
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