The Strategy and Consistency of Federal Reserve Monetary Policy, 1919-1933.

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    • Abstract:
      Presents a doctoral dissertation which examined the strategy and consistency of the United States Federal Reserve monetary policy from 1913 to 1933. Role of monetary policy; Analysis on the causes of the Federal Reserve's failures to manage the monetary policy during the Great Depression; Emergence of the open-market operations in the monetary policy of the country in the early 1920s.