How New Fed Corporate Bond Programs Dampened the Financial Accelerator in the COVID-19 Recession
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DOI: 10.24149/wp2029
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- Michael D. Bordo & John V. Duca, 2020. "How New Fed Corporate Bond Programs Dampened the Financial Accelerator in the Covid-19 Recession," NBER Working Papers 28097, National Bureau of Economic Research, Inc.
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More about this item
Keywords
financial crises; Federal Reserve; credit easing; lenders of last resort; corporate bonds; corporate bond facility;All these keywords.
JEL classification:
- E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2020-12-14 (Central Banking)
- NEP-MAC-2020-12-14 (Macroeconomics)
- NEP-MON-2020-12-14 (Monetary Economics)
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