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Person

Michael Pakko

Contributing Author

Michael Pakko is a contributing author and former employee of the Federal Reserve Bank of Cleveland.

    • Economic Commentaries

      • Economic Commentary
        M1A - M.I.A.?
        William T. Gavin Michael Pakko
        07.01.1987 | EC 7/1/1987
        For many years, monetary policy has been implemented largely through the pursuit of monetary aggregate targets.
      • Economic Commentary
        CRR and Monetary Control
        Michael Pakko
        05.15.1985 | EC 5/15/1985
        All depository institutions are required by law to hold reserves in proportion to certain deposit liabilities, to be kept either as cash in their vaults, or on deposit with Federal Reserve Banks.
      • Economic Commentary
        The 1985 Humphrey-Hawkins Testimony
        Michael Pakko
        03.01.1985 | EC 3/1/1985
        In February, the Chairman of the Federal Reserve’s Board of Governors made the annual announcement of the Federal Open Market Committee’s (FOMC) current monetary growth targets.