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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 32
Fed Minutes Show Active Discussion of QE3
The FOMC discussed "a new large-scale asset purchase program" commonly called "QE3." Some FOMC members said such a program could help the economy by lowering long-term interest rates and making financial conditions more broadly easier. They discussed whether a new program should snap up more Treasury bonds or buying mortgagebacked securities issued by the likes of Fannie Mae and Freddie Mac.
What would the Fed do to implement QE3, how would the monetary base change, and how would bank reserves change?
The FOMC discussed "a new large-scale asset purchase program" commonly called "QE3." Some FOMC members said such a program could help the economy by lowering long-term interest rates and making financial conditions more broadly easier. They discussed whether a new program should snap up more Treasury bonds or buying mortgagebacked securities issued by the likes of Fannie Mae and Freddie Mac.
What would the Fed do to implement QE3, how would the monetary base change, and how would bank reserves change?
Explanation
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Implementation of QE3:
The Federal Rese...
Macroeconomics 11th Edition by Michael Parkin
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