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In: The annals of the American Academy of Political and Social Science, Band 366, Heft 1, S. 163-163
ISSN: 1552-3349
In: Challenge: the magazine of economic affairs, Band 14, Heft 5, S. 22-40
ISSN: 1558-1489
In: Challenge: the magazine of economic affairs, Band 14, Heft 1, S. 4-7
ISSN: 1558-1489
In: Public administration review: PAR, Band 23, Heft 1, S. 10
ISSN: 1540-6210
In: Public administration review: PAR, Band 23, S. 10-19
ISSN: 0033-3352
In: The Western political quarterly, Band 14, Heft 2, S. 569-586
ISSN: 1938-274X
In: American political science review, Band 55, Heft 1, S. 64-76
ISSN: 1537-5943
Public policy is not self-generating; it emerges from institutions. Foremost among the institutions charged with monetary and credit policy formation—an area, like fiscal policy, that has not received from political scientists the attention accorded to micro-economic regulation of particular firms or industries—is the Federal Reserve System. The purpose of this paper is to examine the "fit" of the System's formal structure to (1) the policy functions and the informal policy-forming mechanisms of the "Fed," and (2) the pattern of interests and values affected by monetary policy. Its thesis is that a substantial gap has developed between these elements.A brief sketch of the formal structure of authority and the historical development of System functions is needed to begin with; this is followed by analysis of the formal and the effective roles of each component of the System along with the internalized interest representation at each level. Then the linkage between the Federal Reserve System and general economic policy is explored. Finally, the conclusion summarizes the findings and suggests briefly how formal structure and policy functions might be brought into closer, more effective alignment.
In: The Western political quarterly: official journal of Western Political Science Association, Band 14, S. 569-586
ISSN: 0043-4078
In: American political science review, Band 55, Heft 1
ISSN: 0003-0554
In: The Western political quarterly: official journal of Western Political Science Association, Band 14, Heft 2, S. 569
ISSN: 0043-4078
In: American political science review, Band 55, S. 64-76
ISSN: 0003-0554
In: American political science review, Band 54, Heft 3, S. 743-744
ISSN: 1537-5943
In: Perspectives on political science, Band 29, Heft 1, S. 39
ISSN: 1045-7097
In: Administrative Science Quarterly, Band 15, Heft 3, S. 392
In: Public administration review: PAR, Band 49, Heft 1, S. 88
ISSN: 1540-6210