Results 1 - 1 of 1 for Federal Funds Rate [Author: Evan Karson]
More Stories of Unconventional Monetary Policy - Review
This article extends the work of Fawley and Neely (2013) to describe how major central banks have evolved unconventional monetary policies to encourage real activity and maintain stable inflation rates from 2013 through 2019. By 2013, central banks were moving from lump-sum asset purchase programs to open-ended asset purchase programs, which are conditioned on economic conditions, careful communication strategies, bank lending programs with incentives, and negative interest rates.
research.stlouisfed.org/.../review/2021/04/15/more-stories-of-unconventional-monetary-policy
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