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New Modes Of Monetary Policy: Qualitative Easing By The Fed

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  • Philipp Bagus
  • Markus H. Schiml

Abstract

Recent developments in monetary policy demand new analytical tools, in particular an analysis of central banks' balance sheets. During the sub-prime crisis the balance sheet of the Federal Reserve System deteriorated substantially. In this article we analyse the process of this deterioration in detail. Copyright (c) 2009 The Authors. Journal compilation (c) Institute of Economic Affairs 2009. Published by Blackwell Publishing, Oxford.

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Economic Affairs.

Volume (Year): 29 (2009)
Issue (Month): 2 (06)
Pages: 46-49

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Handle: RePEc:bla:ecaffa:v:29:y:2009:i:2:p:46-49

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Cited by:
  1. Karanassou, Marika & Sala, Hector, 2010. "The US inflation-unemployment trade-off revisited: New evidence for policy-making," Journal of Policy Modeling, Elsevier, vol. 32(6), pages 758-777, November.
  2. Marika Karanassou & Hector Sala, 2009. "The US Inflation-Unemployment Tradeoff: Methodological Issues and Further Evidence," Working Papers 647, Queen Mary, University of London, School of Economics and Finance.
  3. Philipp Bagus & Markus H. Schiml, 2010. "A Cardiograph of the DollarĀ“s Quality: Qualitative Easing and the Federal Reserve Balance Sheet During the Subprime Crisis," Prague Economic Papers, University of Economics, Prague, vol. 2010(3), pages 195-217.

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