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The first U.S. quantitative easing: the 1930s

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  • Richard G. Anderson

Abstract

During 1932, with congressional support, the Fed purchased approximately $1 billion in Treasury securities.

Suggested Citation

  • Richard G. Anderson, 2010. "The first U.S. quantitative easing: the 1930s," Economic Synopses, Federal Reserve Bank of St. Louis.
    • Handle: RePEc:fip:fedles:y:2010:n:17
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    File URL: http://research.stlouisfed.org/publications/es/10/ES1017.pdf
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    Cited by:

    1. Hans J Blommestein & Philip Turner, 2012. "Interactions between sovereign debt management and monetary policy under fiscal dominance and financial instability," BIS Papers chapters, in: Bank for International Settlements (ed.), Threat of fiscal dominance?, volume 65, pages 213-237, Bank for International Settlements.
    2. Jaremski, Matthew & Mathy, Gabriel, 2018. "How was the quantitative easing program of the 1930s Unwound?," Explorations in Economic History, Elsevier, vol. 69(C), pages 27-49.

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    Keywords

    Monetary policy; Financial crises;

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