https://www.youtube-nocookie.com/embed/hEjZWC0Jpu0?si=PJYP16-U2TV4Q-2I
For an explanation of how the Federal Reserve conducts monetary policy, see:
The Fed’s New Monetary Policy Tools by Jane E. Ihrig & Scott A. Wolla
The Fed’s Balance Sheet and Ample Reserves by Jane E. Ihrig & Scott A. Wolla
Further reading:
Alternative measures of price inflation and the perception of real income in Germany by Karl-Friedrich Israel & Gunther Schnabl
The Costs of Inflation Revisited by Steven Horwitz
The Theory of Monetary Institutions by Lawrence H. White
Has the Fed Been a Failure? by George Selgin, William D. Lastrapes & Lawrence H. White
Comment on “Selgin, Lastrapes, and White’s ‘Has the Fed Been a Failure?’” by Jeffrey Miron
Money: Free and Unfree by George Selgin
Floored! How a Misguided Fed Experiment Deepened and Prolonged the Great Recession by George Selgin
The Fed at One Hundred: A Critical View on the Federal Reserve System edited by David Howden & Joseph T. Salerno
Understanding Money Mechanics by Robert P. Murphy
The Mystery of Banking by Murray N. Rothbard
A History of Money and Banking in the United States: The Colonial Era to World War II by Murray N. Rothbard
Monetary Policy after the Great Recession: The Role of Interest Rates by Arkadiusz Sieroń
Can the Taylor Rule be a Good Guidance for Policy? The Case of 2001-2008 Real Estate Bubble by Mateusz Machaj
Interest-Rate Targeting During the Great Moderation: A Reappraisal by Roger W. Garrison
The Case Against 2 Per Cent Inflation: From Negative Interest Rates to a 21st Century Gold Standard by Brendan Brown
The Optimum Quantity of Money and the Zero Lower Bound by J. Huston McCulloch
After the Age of Inflation: Austrian Proposals for Monetary Reform by Jeffrey M. Herbener
Optimal Monetary Policy by Jörg Guido Hülsmann
Modern Monetary Policy Evaluation and the Lucas Critique by Karl-Friedrich Israel
An Austrian Version of the Lucas Critique by Tobias Basse
