Incluye bibliografías e índice.

1. Introduction / Thomas Mayer -- 2. Studying the Fed: towards a broader public choice perspective Thomas Willett -- 3. The Federal Reserve reaction function: a specification search / Salwa Khouri -- 4. Corporate profitability as a determinant of restrictive monetary policy: estimates for the post-war United States / Gerald Epstein and Juliet Schor -- 5. Federal reserve behavior since 1980: a financial market perspective / William Melton and V. Vance Roley -- 6. The Federal Reserve and its institutional environment: a review / Michael Munger and Brian Roberts -- 7. The political economy of monetary policy / Robert Hetzel -- 8. Political monetary cycles / Nathaniel Beck -- 9. Congress and the Fed: Why the dog does not bark in the night / Nathaniel Beck -- 10. The Federal Reserve as a political power / James Pierce -- 11. Monetary policy and political economy: the Federal Reserve and the Bank of Japan / Thomas Cargill and Michael Hutchinson -- 12. A positive analysis of the policymaking process at the Federal Reserve / Raymond Lombra and Nicholas Karamouzis -- 13. A theory of FOMC dissent voting with evidence from the time series / Thomas Havrilesky and Robert Schweitzer -- 14. Explaining FOMC members’ votes / John Gildea -- 15. Fed behaviour and X-efficiency theory: toward a general framework / Harinder Singh and Roger Frantz -- 16. Minimizing regret: cognitive dissonance as an explanation of FOMC behavior / Thomas Mayer -- 17. The discount window / William Poole -- 18. Leaning against the wind: the behavior of the money stock in recession and recovery, 1953–8 / Elmus Wicker -- 19. Bureaucratic self-interest as an obstacle to monetary reform / Edward Kane.