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The Financial Crisis and the Implementation of Monetary Policy

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  • Jerry H Tempelman

Abstract

The ongoing financial crisis has had a dramatic impact on how the Federal Reserve conducts monetary policy. In this paper I outline how the Federal Reserve implements monetary policy during “ordinary” circumstances, and compare and contrast this with how it has implemented policy in the wake of the crisis, especially in the latter part of 2008.

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  • Jerry H Tempelman, 2009. "The Financial Crisis and the Implementation of Monetary Policy," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 44(4), pages 216-219, October.
    • Handle: RePEc:pal:buseco:v:44:y:2009:i:4:p:216-219
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