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Letter from the Council of Economic Advisers to the chair
Communications from economists
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amount anti-inflationary appendix August 18 bank credit Bank of Italy bank reserves banking system Board of Governors borrowing capital cash central bank changes commercial banks countries credit controls credit expansion credit policy Dartmouth College debt management defense demand deposits direct controls discount rate Economic Report effect exchange expenditures factors Federal debt Federal Reserve banks Federal Reserve System Federal securities Fiscal Policies funds Government bonds Government debt governmental higher interest rates important increase inflation inflationary pressures interest cost interest rates investment Joint Committee lending loans maturing issues measures member bank reserves ment monetary policy nonbank investors Ohio State University Open Market outstanding percent period postwar private credit problem public debt purchases rate of interest recent refunding reserve requirements restraint rise in interest savings bonds Secretary selling Government short-term interest rates short-term rates stability Subcommittee tion University of Buffalo University of Illinois yield