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A New Frontier: Monetary Policy with Ample Reserves



The Federal Reserve conducts the nation?s monetary policy to promote maximum employment and price stability through the federal funds rate. This issue of Page One Economics reviews the previous framework for monetary policy and then describes the Federal Reserve?s new strategy for influencing the federal funds rate and the broader economy.

Suggested Citation

  • Scott A. Wolla, 2019. "A New Frontier: Monetary Policy with Ample Reserves," Page One Economics Newsletter, Federal Reserve Bank of St. Louis, pages 1-7, May.
  • Handle: RePEc:fip:fedlpo:00045

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    Cited by:

    1. KAMKOUM, Arnaud Cedric, 2023. "The Federal Reserve’s Response to the Global Financial Crisis and its Effects: An Interrupted Time-Series Analysis of the Impact of its Quantitative Easing Programs," Thesis Commons d7pvg, Center for Open Science.
    2. Jane E. Ihrig & Scott A. Wolla, 2020. "Let's Close the Gap: Revising Teaching Materials to Reflect How the Federal Reserve Implements Monetary Policy," Finance and Economics Discussion Series 2020-092, Board of Governors of the Federal Reserve System (U.S.).
    3. KAMKOUM, Arnaud Cedric, 2023. "The Federal Reserve’s Response to the Global Financial Crisis and Its Long-Term Impact: An Interrupted Time-Series Natural Experimental Analysis," OSF Preprints 53qbm, Center for Open Science.
    4. Muhammad Z. Mumtaz & Zachary A. Smith, 2020. "Empirical examination of the role of fintech in monetary policy," Pacific Economic Review, Wiley Blackwell, vol. 25(5), pages 620-640, December.
    5. Jane Ihrig & Scott Wolla, 2023. "Teaching Monetary Policy with Ample Reserves," Journal of Economics Teaching, Journal of Economics Teaching, vol. 8(2), pages 114-127, May.
    6. Waters, George A., 2022. "The many faces of the taylor rule for advanced undergraduate macroeconomics," International Review of Economics Education, Elsevier, vol. 41(C).

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