Large Scale Asset Purchases by the Federal Reserve is popular PDF and ePub book, written by Joseph Gagnon in 2010-05, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Large Scale Asset Purchases by the Federal Reserve can be Read Online from any device for your convenience.
Large Scale Asset Purchases by the Federal Reserve Book PDF Summary
Since Dec. 2008, the Fed. Reserve¿s traditional policy instrument, the target federal funds rate, has been near zero. In order to further ease the stance of monetary policy as the economic outlook deteriorated, the Fed. Reserve purchased substantial quantities of assets with medium and long maturities. This paper explains how these purchases were implemented and discusses how they can affect the economy. The purchases led to meaningful and long-lasting reductions in longer-term interest rates (IR) on a range of securities, incl. securities that were not included in the purchase programs. These reductions in IR primarily reflect lower risk premiums, including term premiums, rather than lower expectations of future short-term IR. Tables.
Detail Book of Large Scale Asset Purchases by the Federal Reserve PDF
- Author : Joseph Gagnon
- Release : 01 May 2010
- Publisher : DIANE Publishing
- ISBN : 9781437930894
- Genre : Business & Economics
- Total Page : 43 pages
- Language : English
- PDF File Size : 12,7 Mb
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