Shifting Mandates: The Federal Reserve's First Centennial
---- Acknowledgements ----
This paper was prepared for the American Economic Association session Reflections on the 100th Anniversary of the Federal Reserve, Alan Blinder, Chair. The authors would like to thank Charles Plosser and Vincent Reinhart for comments and suggestions. Forthcoming in American Economic Review Papers and Proceedings, May 2013. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.