Origins and Consequences of the Humphrey Hawkins Act of 1978

Loading...
Thumbnail Image

Persistent link to this item

Statistics
View Statistics

Journal Title

Journal ISSN

Volume Title

Title

Origins and Consequences of the Humphrey Hawkins Act of 1978

Published Date

2017

Publisher

Type

Thesis or Dissertation

Abstract

The Full Employment and Balanced Growth Act of 1978, commonly known as the Humphrey-Hawkins Act shifted U.S. economic policy from a focus on price stability to a dual mandate which added an employment goal. The Act emended the Employment Act of 1946 to include specific numeric goals for inflation and employment while maintaining the one could not be sacrificed to achieve the other. This paper uses several statistical analysis methods to determine if there is a quantifiable effect on price stability or employment due to the passing of the Act along with discussion of any change in Fed behavior. Further comparisons are made to selected developed countries with central banking systems that have single mandates along with a compared dual mandate country.

Description

Related to

Replaces

License

Series/Report Number

Funding information

Isbn identifier

Doi identifier

Previously Published Citation

Other identifiers

Suggested citation

Dumas, William; Erdenemandakh, Jargalmaa; Karongo, Lawrence; Oh, Yun Taek; Teed, Derek; Wang, Wenchen; Watkins, Jonathan. (2017). Origins and Consequences of the Humphrey Hawkins Act of 1978. Retrieved from the University Digital Conservancy, https://hdl.handle.net/11299/183472.

Content distributed via the University Digital Conservancy may be subject to additional license and use restrictions applied by the depositor. By using these files, users agree to the Terms of Use. Materials in the UDC may contain content that is disturbing and/or harmful. For more information, please see our statement on harmful content in digital repositories.