Floored!: How a Misguided Fed Experiment Deepened and Prolonged the Great Recession - Paperback
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Language:EnglishPublisher:Cato InstituteISBN-13:9781948647083ISBN-10:1948647087UPC:9781948647083Book Category:Business & EconomicsBook Subcategory:Money & Monetary Policy, Economic ConditionsSize:8.50 x 5.50 x 0.52 inchesWeight:0.6504Product ID:SC3M226S2N
Floored!: How a Misguided Fed Experiment Deepened and Prolonged the Great Recession
In October 2008, as the U.S. economy plunged, the Federal Reserve began paying interest on banks' reserve balances. The resulting switch to a "floor system" of monetary control, in which changes in the interest rate on reserves, rather than reserve creation or destruction, became the Fed's chief tool for influencing economic activity, was to have far-reaching consequences--almost all of them...
Language:EnglishPublisher:Cato InstituteISBN-13:9781948647083ISBN-10:1948647087UPC:9781948647083Book Category:Business & EconomicsBook Subcategory:Money & Monetary Policy, Economic ConditionsSize:8.50 x 5.50 x 0.52 inchesWeight:0.6504Product ID:SC3M226S2N
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