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A citizen's guide to unconventional monetary policy

Author

Listed:
  • Renee Courtois Haltom
  • Alexander L. Wolman

Abstract

Historically, the Federal Reserve's primary monetary policy tool has been the federal funds rate. Since pushing that rate as low as it can effectively go in December 2008, the Fed has turned to alternative policy tools to stimulate economic growth and keep inflation near 2 percent. This Economic Brief provides a non-technical guide to how these unconventional policy tools are intended to work and discusses some of their risks.

Suggested Citation

  • Renee Courtois Haltom & Alexander L. Wolman, 2012. "A citizen's guide to unconventional monetary policy," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, issue Dec.
    • Handle: RePEc:fip:fedreb:y:2012:i:dec:n:12-12
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    File URL: https://fraser.stlouisfed.org/files/docs/historical/frbrich/econbrief/frbrich_eb_12-12.pdf?utm_source=direct_download
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    Keywords

    Monetary policy;

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