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Unconventional monetary policy and the federal reserve /
| Clasificación: | Libro Electrónico |
|---|---|
| Otros Autores: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
New York :
Nova Publishers,
[2013]
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| Colección: | Monetary, fiscal and trade policies series.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- UNCONVENTIONAL MONETARY POLICY AND THE FEDERAL RESERVE; UNCONVENTIONAL MONETARY POLICY AND THE FEDERAL RESERVE; CONTENTS ; PREFACE ; Chapter 1 FEDERAL RESERVE: UNCONVENTIONAL MONETARY POLICY OPTIONS* ; SUMMARY; INTRODUCTION ; CHANGES TO THE SIZE AND COMPOSITION OF THE FED'S BALANCE SHEET ; Direct Lending and Initial Balance Sheet Growth in 2008; Large-scale Asset Purchases from Spring 2009 to Spring 2010 ("Quantitative Easing") ; Large-scale Asset Purchases from November 2010 to June 2011 ("QEII") ; Maturity Extension Program ("Operation Twist")
- Large Scale Asset Purchases Beginning in September 2012 ("QEIII") Macroeconomic Effects ; Economic Context ; Effect on Interest Rates and Economic Growth ; Effect on the Money Supply and Inflation ; Effect on the Value of the Dollar and the Trade Deficit ; Impact on the Federal Budget Deficit ; Is the Fed Monetizing the Federal Deficit? ; Does QE Penalize Savers? ; Does QE Distort Markets? ; CHANGES TO THE FED'S COMMUNICATION POLICIES ; Economic Analysis ; PROPOSED ALTERNATIVES FOR PROVIDING ADDITIONAL MONETARY STIMULUS ; Reduce the Interest Rate Paid on Bank Reserves ; Direct Lending
- Raise the Inflation Target Foreign Exchange Intervention ; LEGISLATIVE OPTIONS TO PREVENT QUANTITATIVE EASING ; EXIT STRATEGY ; CONCLUDING THOUGHTS ; End Notes ; Chapter 2 MONETARY POLICY AND THE FEDERAL RESERVE: CURRENT POLICY AND CONDITIONS* ; SUMMARY ; INTRODUCTION ; HOW DOES THE FEDERAL RESERVE EXECUTE MONETARY POLICY? ; Economic Effects of Monetary Policy in the Short Run and Long Run ; Monetary vs. Fiscal Policy ; THE RECENT AND CURRENT STANCE OF MONETARY POLICY ; Before the Financial Crisis ; Direct Assistance during and after the Financial Crisis; Central Bank Liquidity Swaps
- Unconventional Policy Measures at the Zero Bound After the Crisis Quantitative Easing and the Growth in the Balance Sheet and Bank Reserves ; Forward Commitment ; CONGRESSIONAL OVERSIGHT AND DISCLOSURE ; THE FEDERAL RESERVE'S MANDATE AND ITS INDEPENDENCE; End Notes ; Chapter 3 MONETARY POLICY ALTERNATIVES AT THE ZERO BOUND: AN EMPIRICAL ASSESSMENT ; ABSTRACT ; NON-TECHNICAL SUMMARY ; MONETARY POLICY OPTIONS AT THE ZERO BOUND ; Shaping Policy Expectations ; Increasing the Size of the Central Bank's Balance Sheet (Quantitative Easing)
- Altering the Composition of the Central Bank's Balance Sheet THE POTENTIAL EFFECTIVENESS OF NON-STANDARD POLICIES: EVIDENCE FROM THE UNITED STATES ; Do FOMC Statements Influence Policy Expectations? ; Conditioning Effects of Policy Statements ; Shaping Policy Expectations: Evidence from a Macro-Finance Model of the Term Structure ; The Effects of Changing the Supply of Assets ; JAPAN: A MODERN INDUSTRIAL ECONOMY AT THE ZERO BOUND ; An Event Study of Policies of the Bank of Japan ; A Benchmark Term-Structure Model for Japan ; CONCLUSION ; REFERENCES ; End Notes; INDEX