This paper describes the Federal Reserve's framework for implementing monetary policy prior to the expansion of the Fed … reserves in order to meet minimum reserve requirements. The New York Fed's open market trading desk implemented monetary policy …. The open market trading desk was able to achieve its monetary policy implementation objectives efficiently in the pre …

. During and after the Great Reces-sion the US Federal Reserve System (Fed) and the European Central Bank (ECB) took on the … role of lender of last resort in a comprehensive way. The Fed stabilised the financial system, including the shadow banking … also a deeper economic and political integration. The Fed and the ECB both were the most important institutions to avoid …

This paper proposes a way to study the transmission mechanism of the US monetary policy to foreign yield curves. It … elaborates the high-frequency identification of monetary policy shocks from (Piazzesi, 2005) in an international setting. The …

implies changing effects for a wide range of monetary and regulatory policy interventions. …

Since 2007, monetary authorities around the globe have reduced their key policy interest rates to unprecedented low … levels and intervened with non-standard policy measures (i.e., monetary easing and liquidity provision) to support funding … Bank, 2011). Using a detailed dataset of monetary policy interventions between June 2007 and June 2012 in the most advanced …

state of the economy defines the monetary policy landscape. Using the euro area as laboratory this paper explores the design … of robust policy guides aiming to maintain stability in the economy while recognizing this complexity. We document … simple interest rate rule is employed to interpret ECB policy since 1999. An evaluation of alternative policy rules across 11 …

, consequences, and some alternatives. It is meant as a policy suggestion in case the recapitalization of banks, agreed upon in mid …

This paper shows that the monetary policy paradigm that was in place before the financial crisis worked very well and … that the crisis occurred only after policy makers deviated from that paradigm. The paper also evaluates monetary policy … a new paradigm for monetary policy. …

In this paper, we search for evidence of a reversal rate in monetary policy based on a sample of Danish banks. Our … findings do not point towards a reversal in the pass-through of changes to the monetary policy rate. While the immediate … passthrough to bank lending rates has been lower following the introduction of negative policy rates, the direction has not …

funds and the optimal policy of a central bank in response to liquidity shocks. We show that, when confronted with a … policy should be rethought. In addition, we show that, during an aggregate liquidity crisis, central banks should manage the … policy ; financial fragility ; bank runs …