The Tools and Transmission of Federal Reserve Monetary Policy in the 1920s

Posted: 22 Oct 2016

See all articles by Burcu Duygan-Bump

Burcu Duygan-Bump

Board of Governors of the Federal Reserve System

Mark A. Carlson

Board of Governors of the Federal Reserve System

Date Written: November 22, 2016

Abstract

This note describes the tools used by the Federal Reserve (Fed) to implement monetary policy in the 1920s and the degree to which changes in these tools were transmitted to private money markets.

Suggested Citation

Duygan-Bump, Burcu and Carlson, Mark A., The Tools and Transmission of Federal Reserve Monetary Policy in the 1920s (November 22, 2016). FEDS Notes No. 2016-11-22, Available at SSRN: https://ssrn.com/abstract=3716467 or http://dx.doi.org/10.17016/2380-7172.1871

Burcu Duygan-Bump (Contact Author)

Board of Governors of the Federal Reserve System ( email )

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Washington, DC 20551
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2029124663 (Phone)

Mark A. Carlson

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States
(202) 452-3987 (Phone)
(202) 452-2301 (Fax)

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