Bulletin n. 2-3/2012
October 2012-February 2013
CONTENTS
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
    • Jeffrey Miron
    Comment on “Selgin, Lastrapes, and White’s ‘Has the Fed Been a Failure?’”
    in Journal of Macroeconomics , volume 34 n.3 ,  2012 ,  631–636
    In “Has the Fed Been a Failure?,” Selgin, Lastrapes, and White (SLW) argue that U.S. aggregate economic performance has not obviously improved since the founding of the Fed in 1914. They also suggest that alternatives to the Fed, such as a gold standard, might have generated better performance. I present additional data that challenge these conclusions.
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