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~isPartOf:"NBER working paper series"
~person:"Hall, Brian J."
~person:"Reis, Ricardo"
~person:"Sarte, Pierre-Daniel"
~subject:"Credit policy"
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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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