Can I read Research Division: Federal Reserve Bank of St. Louis on EtoBox?

Research Division: Federal Reserve Bank of St. Louis by caitlynharvey is a document available to read on EtoBox.

What is Research Division: Federal Reserve Bank of St. Louis about?

The document analyzes the effectiveness of unconventional monetary policies like quantitative easing and credit easing. It finds that while such policies significantly lower interest rates, their impact on the real economy is limited. The model predicts that asset purchases would need to exceed 50% of annual GDP and persist for a long time to meaningfully boost output and employment.

Author

caitlynharvey

Language

EN