Prices, Wages, and Employment

Prices, Wages, and Employment

Prices, Wages, and Employment

Prices, Wages, and Employment

Excerpt

Central bank operations reflect to some extent all the phases of a nation's economic life and, in turn, all parts of the economy are influenced by central banking policies. It is necessary, therefore, for central banking authorities to have current information and understanding about all of the economic problems with which the country is confronted. For many years the Board of governors of the Federal Reserve system and the Federal Reserve Banks have had staffs of economists engaged in the task of collecting, coordinating, and interpreting data that throw light on the economic activities of the country, with special redference to their bearing on credit and monetary policies.

In this series of booklets there will be presented studies by members of the Board's and the Reserve Banks' staffs on many phases of economic reconstruction after the war and on longer term problems of the economy. These studies are in substance by-products of the work done by these economists in the performance of their current duties. The views expressed in these papers are entirely those of the authors. In some cases dissenting opinions or comments by other members of the sstaff are printed at the end of a paper. The Board's authorization of the publication of these studies is motivated solely by the belief that the material presented may be of value in furthering the discussion of the many difficult questions with which the country will be faced. There is no official endorsement of any of the opinions or proposals of the authors.

Only subjects on which writers at the Board of at one of the Banks wished to contribute papers are included in these essarys and no attempt has been made to cover the entire field of economic problems. Consequently, ther eis no formal unity among the papers, except that they all deal with postwar problems related to the maintenance of employment and of a rising level of well-being for the people of this country.

E. A. GOLDENWEISER Washington, D. C. May 1946.

Author Advanced search

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.