Congress, the public, and the
Fed
Department of Political Science
Docsity.com
Prepare for your exams
Study with the several resources on Docsity
Earn points to download
Earn points by helping other students or get them with a premium plan
Guidelines and tips
Prepare for your exams
Study with the several resources on Docsity
Earn points to download
Earn points by helping other students or get them with a premium plan
Community
Ask the community
Ask the community for help and clear up your study doubts
University Rankings
Discover the best universities in your country according to Docsity users
Free resources
Our save-the-student-ebooks!
Download our free guides on studying techniques, anxiety management strategies, and thesis advice from Docsity tutors
The Democratic Dilemma of the Federal Reserve: Balancing Independence and Accountability, Slides of Business Administration
The 'democratic dilemma' faced by the federal reserve (fed), a product of congress that requires accountability but needs monetary policy independence. The reasons for the fed's unpopularity, the role of various critics, and the forces shaping congress's response. It also touches upon the relative approval ratings of the fed and the benefits of government policies during the crisis.
Typology: Slides
2012/2013
1 / 12
This page cannot be seen from the preview
Don't miss anything!
Related documents
Partial preview of the text
Download The Democratic Dilemma of the Federal Reserve: Balancing Independence and Accountability and more Slides Business Administration in PDF only on Docsity!
Congress, the public, and the
Fed
Department of Political Science
Central argument
- The Fed has a “democratic dilemma”
- The Fed is a product of Congress and must be accountable to it
- But monetary policy requires independence
- Both Congress and the Fed struggle with the tradeoff between independence and accountability
Varieties of public discontent
What motivates the following Fed critics?
The Ben Bernanke punching bag