IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-137-40122-9_12.html
   My bibliography  Save this book chapter

Unconventional Monetary Policy Initiatives: 2008–2013

In: The Financial Crisis and Federal Reserve Policy

Author

Listed:
  • Lloyd B. Thomas

Abstract

As increasing problems in the U.S. financial system began adversely impacting economic activity in late 2007 and 2008, the Federal Reserve reacted in traditional fashion by gradually reducing its target level for the federal funds rate. During 2008, the Fed cut the rate seven times, by a total of 4 percentage points. By the end of 2008, the Fed had dropped the fed funds rate as low as it could go—to a range of 0–0.25 percent.

Suggested Citation

  • Lloyd B. Thomas, 2013. "Unconventional Monetary Policy Initiatives: 2008–2013," Palgrave Macmillan Books, in: The Financial Crisis and Federal Reserve Policy, edition 0, chapter 0, pages 191-205, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-137-40122-9_12
    DOI: 10.1057/9781137401229_12
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-137-40122-9_12. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.