Working Paper No. 747 January 17, 2013

Marriner S. Eccles and the 1951 Treasury – Federal Reserve Accord

Lessons for Central Bank Independence

by Thorvald Grung Moe

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Blithewood
Bard College
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The Levy Economics Institute of Bard College, founded in 1986 through the generous support of Bard College trustee Leon Levy, is a nonprofit, nonpartisan, public policy research organization. The Levy Institute is independent of any political or other affiliation, and encourages diversity of opinion in the examination of economic policy issues while striving to transform ideological arguments into informed debate.