PART 1: OUR HISTORY

Lessons from a Maverick:
References

HOW THE ST. LOUIS FED HELPED SHAPE THE NATION'S MONETARY POLICY

By David Wheelock, Economic Historian, Vice President, Deputy Director of Research

References

Andersen, Leonall C.; and Jordan, Jerry L. "Monetary and Fiscal Actions: A Test of Their Relative Importance in Economic Stabilization." Federal Reserve Bank of St. Louis Review, November 1968, Vol. 50, No. 11, pp. 11-24.

Burns, Arthur F. Reflections of an Economic Policy Maker: Speeches and Congressional Statements, 1969-1978. Washington, D.C.: American Enterprise Institute for Public Policy Research, 1978.

Chandler, Lester V. Benjamin Strong: Central Banker. Washington, D.C.: Brookings Institution, 1958.

Francis, Darryl. "Inflation, Recession—What's a Policymaker to Do?" Federal Reserve Bank of St. Louis Review, November 1974, Vol. 56, No. 11, pp. 3-7.

Friedman, Milton; and Schwartz, Anna J. A Monetary History of the United States, 1867-1960. Princeton: Princeton University Press, 1963.

Hackley, Howard H. Lending Functions of the Federal Reserve System: A History. Washington, D.C.: Board of Governors of the Federal Reserve System, 1973.

Hafer, R.W.; and Wheelock, David C. "The Rise and Fall of a Policy Rule: Monetarism at the St. Louis Fed, 1968-1986." Federal Reserve Bank of St. Louis Review, January/February 2001, Vol. 83, No. 1, pp. 1-24.

Maisel, Sherman. Managing the Dollar. New York: W.W. Norton & Co., 1973.

Meltzer, Allan H. A History of the Federal Reserve, Volume 1, 1914-1951. Chicago: University of Chicago Press, 2003.

Romer, Christina. "What Ended the Great Depression?" The Journal of Economic History, December 1992, Vol. 52, No. 4, pp. 757-87.

Waller, Christopher J. Independence+Accountability: Why the Fed Is a Well-Designed Central Bank. Federal Reserve Bank of St. Louis Annual Report, 2009.

Wheelock, David C. The Strategy and Consistency of Federal Reserve Monetary Policy, 1924-1933. Cambridge: Cambridge University Press, 1991.

Wheelock, David C. "Monetary Policy In the Great Depression: What the Fed Did and Why." Federal Reserve Bank of St. Louis Review, March/April 1992, Vol. 74, No. 2, pp. 3-28.