Paul Volcker

(redirected from Paul A. Volcker)

Paul Volcker

An American economist and Chairman of the Federal Reserve from 1979 to 1987. He was credited with ending the high inflation seen in the 1970s. He raised the fed funds rate as high as 20%. This is considered to have contributed to a recession in the early 1980s. However, inflation dropped from 13.5% in 1981 to 3.2% in 1983. He was born in 1927. See also: Stagflation.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
It is a parody that bears no resemblance to the lives of Paul A. Volcker and Jacques de Larosiere, whose careers overlapped, as colleagues and collaborators in crisis management, as effective government administrators, and as leading central bankers.
Finally, the FOMCs departure from low-growth monetary targeting after mid-1982, and the subsequent downgrading of Ml itself as well as replacement of nonborrowed reserves with borrowed reserves in the fall of that year, which are beyond the scope of this paper, suggest as well that Paul A. Volcker did not qualify as a monetarist.
Paul A. Volcker, whose FOMCs went much of the way to conquering inflation, was a true original.
The commission headed by Paul A. Volcker, the former Federal Reserve chairman, has delivered a massive indictment of the United Nations' handling of Iraq's oil-for-food program just ahead of next week's summit at which U.N.
While the first phase of the IASC's restructuring moves forward--the new group of trustees met for the first time in June under the chairmanship of Paul A. Volcker, former chairman of the Federal Reserve Board--the committee has been busy issuing guidance on international accounting.
The report was compiled by the Independent Committee of Eminent Persons, formed in 1996 by Swiss Bankers and Jewish groups and chaired by former US Federal Reserve Chairman, Paul A. Volcker.
As chairman of the Board of Governors of the Federal Reserve System from 1979 to 1987, Paul A. Volcker, Jr.