Research
BPEA | 1970 No. 1Monetary Policy in 1969
John H. Kareken
John H. Kareken
University of minnesota
John H. Kareken
University of minnesota
1970, No. 1
NOTHING HELD THE ATTENTION of forecasters in 1969 more than Federal
Reserve policy and the behavior of money and credit markets. And
perhaps nothing surprised forecasters more than the behavior of the monetary
and credit aggregates last year. It may be useful to review the formulation
of Federal Reserve policy during 1969 against the background of
the money and credit conditions that developed from it.