Monetary policy describes the ways in which the central banks change the money supply in order to accomplish certain economic objectives. In the U.S. this is done by the Federal Reserve.

Monetary policy, a crucial tool wielded by central banks, plays a significant role in shaping the economic landscape. Its influence extends to interest rates, inflation, and credit access, directly ...

In the book, he and co-author Anna Schwartz championed monetarism and argued that the disastrous Great Depression of the 1930s came about as a result of poorly conjured monetary policy by the ...