Monetary Policy in an Open Economy World
Monetary Policy in an Open Economy World Richard A. Stanford Professor of Economics, Emeritus Furman University Greenville, SC 29613 Copyright 2026 by Richard A. Stanford All rights reserved. No part of this book may be reproduced, stored, or transmitted by any means—whether auditory, graphic, mechanical, or electronic—without written permission of the author, except in the case of brief excerpts used in critical articles and reviews. CONTENTS (Alternate Version, Parts I, II, and III) NOTE: You may click on the symbol <> at the end of any section to return to the CONTENTS. Introduction 1. The U.S. Economy at Mid-2026 2. The Emergence of Federal Reserve Monetary Policy Tools 3. The Relevant Money Supply in an Open Economy World 4. Monetary Policy in an Open Economy World ...
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