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 Decade: 1980-1989
 Year: 1981
 Collection: Congressional Research Service Reports
Federal Reserve Membership and Monetary Control

Federal Reserve Membership and Monetary Control

Date: January 12, 1981
Creator: White, Roger
Description: This report discusses the current state of monetary policy. Questions about the continued capability of the Federal Reserve System (FRS) to exercise effective monetary control were raised in connection with several developments over recent years that diminished, in relative terms, the deposit component of the stock of money over which the FRS maintained reserve requirement controls. The Monetary Control Act, Title 1 of P.L. 96-221 was designed to ensure that the FRS as ability to conduct monetary policy is not diminished. This Act, signed into law on Mar. 31, 1980, is one of the few major amendments to the original Federal Reserve Act of 1913.
Contributing Partner: UNT Libraries Government Documents Department
A Summary of Prevailing Views on the Sources of Inflation

A Summary of Prevailing Views on the Sources of Inflation

Date: January 30, 1981
Creator: Cashell, Brian W
Description: It is the purpose of this paper to present the range of viewpoints concerning the causes of inflation. Inflation is defined and distinguished from changes' in relative prices. The Monetarist, Post-Keynesian, and neo-Keynesian positions are discussed to illustrate the variety of perceptions as to the sources of sustained increases in the general price level.
Contributing Partner: UNT Libraries Government Documents Department