Consumer Spending and Monetary Policy: The Linkages
Conference Series 5
This volume contains papers presented at a conference sponsored by the Federal Reserve Bank of Boston in June, 1971.
This conference, the fifth of a series covering a wide range of financial and monetary issues, brought together a distinguished group from universities, government and finance to exchange views on one of the most neglected aspects of monetary theory--the linkages between monetary policy and consumer spending.
Entire Proceedings (14.9MB)
Frank E. Morris
Monetary Policy and Consumption
Franco Modigliani, with discussion by James S. Duesenberry followed by a Modigliani rebuttal.
Wealth, Liquidity and Consumption
James Tobin and Walter C. Dolde, with discussion by Gardner Ackley and a rebuttal by James Tobin.
The Impact of Monetary Policy on a Revised Version of 'Consumer Spending'
Paul J. Taubman, with discussion by F. Thomas Juster
The Evidence of the Great Depression
George D. Green, with discussion by Phillip D. Cagan
The Historical Record of Consumption and Monetary Policy
David I. Meiselman and Thomas D. Simpson, with discussion by Donald J. Daly
The Impact of Monetary Restraint on the Availability of Consumer Credit
Richard T. Selden, with discussion by Daniel H. Brill
Household Inflation Expectations and Consumer Spending: Evidence from Panel Data
Output Spillovers from U.S. Monetary Policy: The Role of International Trade and Financial Linkages
The Mortgage Cash Flow Channel of Monetary Policy Transmission: A Tale of Two Countries
The Implications of High Leverage for Financial Instability Risk, Real Economic Activity, and Appropriate Policy Responses