Reserven, dass sie nicht mehr auf die jeweilige Zentralbank angewiesen sind. Diese Entwicklung lässt sich sowohl für die FED … additional money at large amounts and do not depend on central banks any more. This development is indicative for both the FED … creation. Just lowering or increasing interest rates, which was the major way of conducting monetary policy in the past, will …

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 …

Reserven, dass sie nicht mehr auf die jeweilige Zentralbank angewiesen sind. Diese Entwicklung lässt sich sowohl für die FED … additional money at large amounts and do not depend on central banks any more. This development is indicative for both the FED … creation. Just lowering or increasing interest rates, which was the major way of conducting monetary policy in the past, will …

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. …

interest rates. Both sets of changes are at odds with an anti-inflationary stance of monetary policy; indeed, as the crisis … has partial control over bank regulation it can exercise regulatory lenience. Two, the Fed’s stronger output orientation …

so-called "non-standard" monetary policy measures focusing on those introduced in the euro area in the aftermath of the … policy measures insofar as it has been transmitted via these spreads. The results suggest that non-standard measures have …

of the interest rate channel of monetary policy transmission. Therefore, we analyze the effectiveness of monetary policy … of monetary policy expectations, and second the impact of extraordinary central bank measures on money market rates. We … find that market expectations about monetary policy are less relevant for money market rates up to 12 months after August …

use policy instruments to counter the real effects of the crisis is rather heterogeneous, depending inter alia on the …

this imply that monetary policy should "lean against the wind" and counteract excess credit growth, even at the cost of … monetary policy rules that respond to the output gap with rules that respond to excess credit. We find that leaning against the …