John H. Wood is Professor of Economics at Wake Forest University, USA

"This book examines the motivations behind fiscal and monetary policies in the US from the earliest days of the republic. … This book is well written and not overly technical." -- CHOICE (Aug 2009, Vol. 46); R. Grossman, Wesleyan University.

• 1. Introduction Part I: Fiscal policy 2. Interests: A history of tax conflicts 3. Ideas: The theory of stabilization policy 4. Practice: The stability of Federal government deficits Part II: Monetary policy 5. The interests and institutions of monetary policy 6. Knowledge, advice, and monetary policy 7. The stability of monetary policy: The Federal Reserve, 1914–2007 Part III: Conclusion 8. It’s interests after all

John H. Wood is Professor of Economics at Wake Forest University, USA

"This book examines the motivations behind fiscal and monetary policies in the US from the earliest days of the republic. … This book is well written and not overly technical." -- CHOICE (Aug 2009, Vol. 46); R. Grossman, Wesleyan University.

• 1. Introduction Part I: Fiscal policy 2. Interests: A history of tax conflicts 3. Ideas: The theory of stabilization policy 4. Practice: The stability of Federal government deficits Part II: Monetary policy 5. The interests and institutions of monetary policy 6. Knowledge, advice, and monetary policy 7. The stability of monetary policy: The Federal Reserve, 1914–2007 Part III: Conclusion 8. It’s interests after all

John H. Wood is Professor of Economics at Wake Forest University, USA

"This book examines the motivations behind fiscal and monetary policies in the US from the earliest days of the republic. … This book is well written and not overly technical." -- CHOICE (Aug 2009, Vol. 46); R. Grossman, Wesleyan University.

• 1. Introduction Part I: Fiscal policy 2. Interests: A history of tax conflicts 3. Ideas: The theory of stabilization policy 4. Practice: The stability of Federal government deficits Part II: Monetary policy 5. The interests and institutions of monetary policy 6. Knowledge, advice, and monetary policy 7. The stability of monetary policy: The Federal Reserve, 1914–2007 Part III: Conclusion 8. It’s interests after all