Monetary Policy Book Reviews

Monetary Policy by iMinds Book Summary

Learn about Monetary Policy with iMinds Money's insightful fast knowledge series. 

Monetary Policy refers to the branch of economic policy handled by a country’s central bank. It is concerned with the management of the money supply, interest rates and financial conditions. It attempts to achieve the central bank’s and the government’s broad economic objectives of achieving high employment, stable economic growth and low inflation. Specifically, monetary theory focuses on the effect of money and interest rates on aggregate demand, inflation, employment and economic growth.  

In America, the Federal Reserve System (known as the Fed) is the nation’s central bank. It was established in 1913 and structured to be independent within the government.  Although the Fed is accountable to the Congress and its goals are set by law, it conduct of monetary policy is insulated from day-to-day political pressures.

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Monetary Policy (iMinds) Book Reviews 2024

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