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Ist die Geldpolitik in den Vereinigten Staaten zu expansiv ausgerichtet?

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  • Jannsen, Nils
  • Scheide, Joachim

Abstract

Die Fed hat auf die Immobilien- und Finanzkrise in den Vereinigten Staaten mit einer extrem expansiv ausgerichteten Geldpolitik reagiert. Dazu hat sie, beginnend in der zweiten Jahreshälfte 2007, nicht nur den Leitzins innerhalb von eineinhalb Jahren von 5,25 Prozent auf nahe null gesenkt sondern, hat die Finanz- und Immobilienmärkte auch durch direkte Eingriffe massiv gestützt. Vor dem Hintergrund der anhaltend hohen Arbeitslosigkeit wurden die Maßnahmen der sogenannten quantitativen Lockerung mit der Ankündigung, amerikanische Staatsanleihen in einem Volumen von 600 Mrd. Dollar aufzukaufen, sogar noch einmal erweitert.

Suggested Citation

  • Jannsen, Nils & Scheide, Joachim, 2011. "Ist die Geldpolitik in den Vereinigten Staaten zu expansiv ausgerichtet?," Kiel Insight 2011.2, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwbox:20112
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    References listed on IDEAS

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    1. Jannsen, Nils & Scheide, Joachim, 2010. "Growth patterns after the crisis: This time is not different," Kiel Policy Brief 22, Kiel Institute for the World Economy (IfW Kiel).
    2. Jannsen, Nils & Scheide, Joachim, 2010. "Growth patterns after the crisis: This time is not different," Open Access Publications from Kiel Institute for the World Economy 47873, Kiel Institute for the World Economy (IfW Kiel).
    3. Taylor, John B., 1993. "Discretion versus policy rules in practice," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 39(1), pages 195-214, December.
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    1. Jannsen, Nils, 2013. "Ist die Arbeitslosenquote ein guter Anker für die "forward guidance" der Federal Reserve?," Kiel Insight 2013.13, Kiel Institute for the World Economy (IfW Kiel).

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