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Federal Reserveäó»s Framework for Monetary Policy: Recent Changes and New Questions (rev. ed.)
Federal Reserveäó»s Framework for Monetary Policy: Recent Changes and New Questions (rev. ed.)
 
Our Price: $25.00
By William B. English (au); J. David Lopez-Salido; Robert J. Tetlow (au)
Year: 2013
Pages: 69
Binding Paperback
ISBN 978-1-4578-5194-0

Product Code: 1457851946

Description
 
The Federal Reserve has made substantial changes to its framework for monetary policymaking by providing greater clarity regarding its objectives, its intentions regarding the use of monetary policy in the pursuit of those objectives, and its broader policy strategy. These changes reflect both a response to changes in economists' understanding of the most effective way to implement monetary policy and a response to specific challenges posed by the financial crisis and its aftermath. The authors trace the recent evolution of the Federal Reserve's framework, and use a small-scale macro model and a simple static model to help illuminate the approaches taken with nontraditional monetary policy tools. Figures and tables. This is a print on demand report.

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