The Experience of the Federal Reserve Implementing Monetary Policy and Its Implications for Reference

Author: Yi Dinghong
Publisher:
Publish Date: 2004-01-01
Features: The purpose of this book is to: analyze the specific practices of the U.S. Federal Reserve System in formulating and implementing monetary policy, summarize the general rules and technical experiences of monetary policy for achieving indirect control, and combine China's actual conditions to provide references and suggestions for the reform of China's monetary policy control model. The research on theoretical and implementation issues of how central banks use indirect control tools to regulate the money supply and thus control macroeconomic operations is a hot topic in China's monetary and financial field. By analyzing the theory and specific practices of the U.S. Federal Reserve System in formulating and implementing monetary policy, this book summarizes the general institutional rules and technical experiences of monetary policy for achieving indirect control. Based on a comparison of China's and the U.S.'s financial and technical environments for implementing monetary policy, it proposes some recommendations for the reform of China's monetary policy control model. This book can serve as a reference for researchers in the field of monetary and finance, practitioners in the actual field, graduate and undergraduate students in universities and colleges.