The Art of Monetary Policy.

Journal of Economic Issues | September 1, 1995| | Copyright

Edited by David C. Colander and Dewey Daane. Armonk, N.Y.: M. E. Sharpe, 1994. Pp. 224. $50.00 (cloth), $21.95 (paper).

An alumnus of Middlebury College established a chair at the college in honor of Alan Holmes, the Federal Reserve official of whom it was said that for many years "had his hand on the throttle of monetary policy push and his foot on the brake of monetary policy prudence" [p. 55]. Dewey Daane, the inaugural holder of the chair, organized a senior economics seminar at the college, focusing on a perceived separation between monetary theory and real-world ...

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