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4. How have the required reserves and excess reserves held changed since the Financial Crisis? Use the excess reserve (EXCSRESNS) and required reserve (REQRESNS)
4. How have the required reserves and excess reserves held changed since the Financial Crisis? Use the excess reserve (EXCSRESNS) and required reserve (REQRESNS) variables to construct a graph from 2000 to 2020 using LINE 1 and LINE 2. To best see the data, split the Y-axis. a. Search for EXCSRESNS b. Add line for REQRESNS c. Format y-axis right for REQRESNS. d. Edit dates: 2000-1-01 to 2020-8-01 [Insert Graph Here] QUESTIONS: A. What happened to excess reserves in 2008? I B. After the Financial Crisis, how did the required reserve level change? C. In 2020, due to COVID-19 shutdowns, how did the central bank react?
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
