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Unconventional Monetary Policy the Federal Reserve - Economics Book

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Description

This comprehensive analysis examines the Federal Reserve's unprecedented monetary policy decisions following the Great Recession and the subsequent economic recovery. With overnight interest rates held near zero since December 2008, the Fed reached the zero bound and could not lower rates further to stimulate economic growth. The book explores the economic effects of the Fed's unconventional policy programs and evaluates how these actions align with the Federal Reserve's statutory mandate of maximum employment and price stability. It also addresses Congress's critical oversight responsibilities in ensuring that the Fed's monetary interventions remain consistent with its broader economic objectives, providing readers with an in-depth understanding of modern central banking challenges and solutions.

Key Features

Analyses the Federal Reserve's unconventional monetary policy programmes implemented since December 2008 at the zero interest rate bound.

Examines the economic effects and outcomes of the Fed's unprecedented policy steps taken to achieve maximum employment and price stability.

Addresses Congressional oversight responsibilities for monitoring Federal Reserve actions and their consistency with statutory mandates.

Covers the Great Recession period and the ensuing weak economic recovery that prompted fundamental monetary policy re-evaluation.

Part of the Monetary, Fiscal and Trade Policies series, providing context within broader economic policy frameworks.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
19 June 2013
Listed Since
26 March 2013

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