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Interpreting the unconventional US monetary policy of 2007 - 09
Reis, Ricardo - In: Brookings papers on economic activity : BPEA (2009) 2, pp. 119-165
Persistent link: https://www.econbiz.de/10008736586
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Interpreting the Unconventional U.S. Monetary Policy of 2007-09
Reis, Ricardo - 2010
compares the Federal Reserve's actions with the literature on optimal policy in a liquidity trap. The theory suggests that, to … securities markets can restore liquidity with fewer government funds than extending credit to the originators of loans …
Persistent link: https://www.econbiz.de/10012462989
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Bank Failures and Economic Activity : Evidence from the Progressive Era
Richardson, Gary; Angel, Marco del; Gou, Michael - National Bureau of Economic Research - 2024
During the Progressive Era (1900-29), economic growth was rapid but volatile. Boom and busts witnessed the formation and failure of tens of thousands of firms and thousands of banks. This essay uses new data and methods to identify causal links between failures of banks and bankruptcies of...
Persistent link: https://www.econbiz.de/10014528384