Monetary Policy in the Financial Crisis

Abstract

weakness of the past eighteen months, the Federal Reserve has taken unprecedented steps in conducting monetary policy. Not only have we reduced our target federal funds rate aggressively, essentially to zero, but we have also made credit available to institutions and markets in which we had not previously intervened. To varying degrees, similar actions have been taken by other central banks around the world. Although our actions have been unprecedented, the framework in which I have been considering them remains, at its These remarks were given at a conference honoring Dewey Daane on

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 15 citations exist upstream.