The Federal Reserve’s Unconventional Monetary Policies: Options and Macroeconomic Effects


Dominic R. Morris (Editor)

Series: Monetary, Fiscal and Trade Policies
BISAC: POL024000

The “Great Recession” and the ensuing weak recovery have led the Federal Reserve (Fed) to expand its monetary policy tools. Since December 2008, overnight interest rates have been near zero; at this “zero bound,” they cannot be lowered further to stimulate the economy.

As a result, the Fed has taken unprecedented policy steps to try to fulfill its statutory mandate of maximum employment and price stability. Congress has oversight responsibilities for ensuring that the Fed’s actions are consistent with its mandate. This book discusses the unconventional monetary policy options of the Federal Reserve, as well as the macroeconomic effects of these policies. (Imprint: Nova)

Table of Contents

Table of Contents


Federal Reserve: Unconventional Monetary Policy Options
(Marc Labonte)

The Macroeconomic Effects of the Federal Reserve’s Unconventional Monetary Policies
(Eric M. Engen, Thomas T. Laubach and David Reifschneider)


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