Question
1) Discuss the issues the Fed faced when trying to increase the level of bank reserves using open market operations (OMOs) in 2007 after the
1) Discuss the issues the Fed faced when trying to increase the level of bank reserves using open market operations (OMOs) in 2007 after the crisis began.
2) Discuss how the term auction facility (TAF) helped overcome the "stigma effect" from borrowing at the Fed. What benefits did it bring over discount window lending?
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Macroeconomics A European Perspective
Authors: Olivier Blanchard, Alessia Amighini, Francesco Giavazzi
4th Edition
1292360895, 9781292360898
