Search results for "History of the Fed"
showing 2 items of 2 documents
Albert O. Hirschman, Europe, and the Postwar Economic Order, 1946–52
2022
Abstract Between 1946 and 1952, Albert Hirschman worked as an economist in charge of the Western European desk of the research branch of the Board of Governors of the Federal Reserve System in Washington, DC. In this position he wrote extensively on patterns of European postwar reconstruction and the creation of a new world economic order. Given his deep knowledge and prewar experiences, Italy and France were his first areas of specialization, although Hirschman soon contributed to the analysis of the Marshall Plan, the shaping of the European Payments Union, and the problem of the dollar shortage. This article provides a comprehensive interpretation of this early stage of Hirschman's intel…
Reshaping Monetary Policy after the Great Crash: John H. Williams at the NY FED
2020
John H. Williams was an influential economist and central banker in the interwar years. A Harvard University professor since 1929 specialized in international trade and monetary economics, he joined the NY Fed in 1933 and became its vice-President in 1936. This paper aims to provide a general assessment of Williams’ contributions to monetary and fiscal policy during his tenure at the NY FED. We shall try to do so by following a twofold perspective: i. establish connections between Williams’ more theoretical works, his interpretations of the great depression and some policy decisions enacted by the FED in the 1930s; ii. provide new archival evidence on what was the part Williams played in th…