Debates and dissent inside the FOMC during WWII
Type de document :
Article dans une revue scientifique: Article original
Titre :
Debates and dissent inside the FOMC during WWII
Auteur(s) :
Farvaque, Etienne [Auteur]
Lille économie management - UMR 9221 [LEM]
Parent, Antoine [Auteur]
Laboratoire Aménagement Économie Transports [LAET]
Sciences Po Lyon - Institut d'études politiques de Lyon [IEP Lyon]
Stanek, Piotr [Auteur]

Lille économie management - UMR 9221 [LEM]
Parent, Antoine [Auteur]
Laboratoire Aménagement Économie Transports [LAET]
Sciences Po Lyon - Institut d'études politiques de Lyon [IEP Lyon]
Stanek, Piotr [Auteur]
Titre de la revue :
Business History
Pagination :
915-939
Éditeur :
Taylor & Francis (Routledge)
Date de publication :
2020
ISSN :
0007-6791
Mot(s)-clé(s) en anglais :
Central banking
federal open market committee
dissent
governance
public debt
World War 2
federal open market committee
dissent
governance
public debt
World War 2
Discipline(s) HAL :
Sciences de l'Homme et Société/Economies et finances
Résumé en anglais : [en]
We demonstrate that even though during WWII the interest rate was close to zero supporting the financing of the military effort, dissent inside the FOMC occurred with a similar frequency to other policy episodes. Our ...
Lire la suite >We demonstrate that even though during WWII the interest rate was close to zero supporting the financing of the military effort, dissent inside the FOMC occurred with a similar frequency to other policy episodes. Our analysis highlights that the debates which resulted in dissents turned around two broad issues: the size of the Fed’s balance sheet as well as the functioning of and communication with financial markets. Thus, we argue that the conventional view depicting the Fed as merely accommodating treasury needs should be revised. Our detailed investigation of dissents emphasises the modernity of the objections raised by Fed officials.Lire moins >
Lire la suite >We demonstrate that even though during WWII the interest rate was close to zero supporting the financing of the military effort, dissent inside the FOMC occurred with a similar frequency to other policy episodes. Our analysis highlights that the debates which resulted in dissents turned around two broad issues: the size of the Fed’s balance sheet as well as the functioning of and communication with financial markets. Thus, we argue that the conventional view depicting the Fed as merely accommodating treasury needs should be revised. Our detailed investigation of dissents emphasises the modernity of the objections raised by Fed officials.Lire moins >
Langue :
Anglais
Comité de lecture :
Oui
Audience :
Internationale
Vulgarisation :
Non
Collections :
Source :
Fichiers
- http://spire.sciencespo.fr/hdl:/2441/2cuu3uj58199fphtovctj05ish/resources/2018-debates-and-dissent-inside-the-fomc-during-wwii-efarvaque.pdf.pdf
- Accès libre
- Accéder au document
- Accès libre
- Accéder au document
- 2018-debates-and-dissent-inside-the-fomc-during-wwii-efarvaque.pdf.pdf
- Accès libre
- Accéder au document