![]() ![]() The past serves as a laboratory for understanding the present. As an economic synthesis, Hetzel?s book views the evolution of monetary policies as a series of experiments useful for understanding fundamental issues concerning money, prices, and macroeconomic policy. As a history, Hetzel?s book details the conduct of monetary policy over nearly ninety years, and sets that conduct in the context of the intellectual and political environment of the time. The title claims the book is a history, and it is that, but it is much more. The Monetary Policy of the Federal Reserve: A History by Robert Hetzel studies the evolution of monetary policy from the beginning of the Federal Reserve until the end of the Greenspan Era. ![]() Reviewed for EH.NET by Gary Richardson, Department of Economics, University of California ? Irvine. ![]() Cambridge: Cambridge University Press, 2008. Hetzel, The Monetary Policy of the Federal Reserve: A History. The Monetary Policy of the Federal Reserve: A History Author(s): ![]()
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