Presented at the Bowling Green Area Chamber of Commerce. February 24, 2011.

Presented at the Bowling Green Area Chamber of Commerce. February 24, 2011.

Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, Swiss National Bank Monetary Policy Conference, Zurich, Switzerland, September 24, 2010

This article was originally presented as the Homer Jones Memorial Lecture, organized by the Federal Reserve Bank of St. Louis, St. Louis, Missouri, April 1, 2010.

The authors examine the experience of selected central banks that have used large-scale balance-sheet expansion, frequently referred to as “quantitative easing,” as a monetary policy instrument. The case studies focus on central banks responding to the recent financial crisis and Nordic...

Current excess reserves could create a massive increase in the money supply if banks significantly increase their lending or investing.

At the end of September 2008, U.S. policymakers had been working for more than a year to contain the shock waves from plunging home prices and the subsequent financial market turmoil. For the Federal Reserve, the crisis has given new meaning to the adage that extraordinary times call for...

Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, Swiss National Bank Monetary Policy Conference, Zurich, Switzerland, September 24, 2010

June 5, 2012. Presentation. "The Aftermath of the Housing Bubble." Presented at Housing in America: Innovative Solutions to Address the Needs of Tomorrow, The Bipartisan Policy Center, St. Louis.