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The Federal Reserve used two unconventional policies to stimulate the economy during the 2007-2009 recession: (1) Quantitative Easing and (2) Forward Guidance. Briefly explain these
The Federal Reserve used two unconventional policies to stimulate the economy during the 2007-2009 recession: (1) Quantitative Easing and (2) Forward Guidance. Briefly explain these policies and particularly, highlight how these policies worked and explain the channels (transmission mechanisms) through which these policies helped to stimulate the economy.
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