Issing, Otmar - In: Kredit und Kapital 14 (1981) 4, pp. 550-560
Recent Developments in U.S. Monetary Policy For years, the Federal Reserve Board tried to achieve its money supply …, i.e., monetary policy is attempting to reach its money supply goals by controlling bank reserves. A little later, in …, now M-1A), also all other credit balances available by drawing cheques on them. The "new monetary policy" was sharply …