Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/172939 
Year of Publication: 
2017
Series/Report no.: 
Working Paper No. 2017-01
Publisher: 
Federal Reserve Bank of Chicago, Chicago, IL
Abstract: 
The Federal Reserve has relied upon a number of different monetary policy implementation frameworks throughout its history. This paper describes the original implementation framework that evolved between 1914 and 1923 in response to new policy objectives and changing market conditions.
Document Type: 
Working Paper

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