Monetary Policy and The Shadow Open Market Committee Since The 1970s
Jon Hartley and Mickey Levy discuss Mickeyβs early career working with Alice Rivlin at the Congressional Budget Office (CBO) and with Arthur Burns at AEI, as well as being part of the Shadow Open Markets Committee from its early days in the 1970s. They also discuss how monetary policy has evolved from monetarismβs influence in the 1970s and 1980s to inflation targeting since the 1990s, the optimal size of the Fed balance sheet, and the recent pandemic-era 2020s inflation.Join our newsletter for more conversations like this: https://www.hoover.org/podcast/capitalism-and-freedom?utm_source=youtube&utm_medium=description&utm_campaign=cf21_description&utm_content=10162026
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