Tepper School of Business
The Greenspan Era
"...in my view, one of the most important contributions that the Federal Reserve in the Greenspan era has made has been to provide this environment in which private people choosing, looking to see how they can improve their productivity, their output and their wealth, how those decisions have been facilitated."
Allan Meltzer gave a presentation to alumni in Pittsburgh on “The Federal Reserve during the Greenspan Era.” In this video, Meltzer discusses the success of the 1980s and the 1990s in both ending inflation and maintaining a long period of prosperity. He highlights Alan Greenspan’s achievements and identifies the changes within the Federal Reserve during his 18 year tenure as Chairman.
Video of Allan Meltzer discussing the Greenspan Era (.mov) [35:57]
For a citation of Meltzer's A History of the Federal Reserve. Volume 1, 1913-1951, go to the Suggested Reading section of the site. He is currently writing the second volume of this history.
