Publication Date

1-1-1989

Document Type

Dissertation/Thesis

First Advisor

Dalal, Ardeshir J.

Department

Department of Economics

Abstract

Monetary policy is a key factor in determining the course of economic history. Paul Volcker, who held the office of Chairman of the Federal Reserve Board from 1979-1987, left his mark by adamantly fighting inflation throughout his term. He amply filled his role as an inflation fighter by using tight monetary policy to tame the rampant inflation of the late 1970s. Then he led the country into prosperity by implementing an expansionary policy from mid-1982 until the end of his term, still without re-inflating the economy. He stepped down from his office on 1987, leaving Alan Greenspan to lead perhaps one of the most influential institutions in the country.

Comments

Includes bibliographical references.

Extent

13 pages

Language

eng

Publisher

Northern Illinois University

Rights Statement

In Copyright

Rights Statement 2

NIU theses are protected by copyright. They may be viewed from Huskie Commons for any purpose, but reproduction or distribution in any format is prohibited without the written permission of the authors.

Media Type

Text

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