FOMC playbook: The only new game in town?
In light of the Covid-19 pandemic, the Federal Open Market Committee (FOMC), while taking more aggressive actions, seems to have stuck more or less to the standard playbook of responding to “unusual and exigent circumstances”. This essentially calls for slashing conventional policy rates to their ef...
Saved in:
| Main Author: | |
|---|---|
| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2020
|
| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/skbi/15 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1014&context=skbi |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Institution: | Singapore Management University |
| Language: | English |
| id |
sg-smu-ink.skbi-1014 |
|---|---|
| record_format |
dspace |
| spelling |
sg-smu-ink.skbi-10142021-09-20T00:56:33Z FOMC playbook: The only new game in town? LAM, Thomas In light of the Covid-19 pandemic, the Federal Open Market Committee (FOMC), while taking more aggressive actions, seems to have stuck more or less to the standard playbook of responding to “unusual and exigent circumstances”. This essentially calls for slashing conventional policy rates to their effective lower bound, accompanied by forward guidance, embarking on asset purchases, rolling out emergency liquidity facilities and experimenting with lending programmes. But policymakers, with the required US Treasury backstop, have also introduced more creative programmes to encourage credit extension and reached into different market segments. 2020-06-01T07:00:00Z text application/pdf https://ink.library.smu.edu.sg/skbi/15 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1014&context=skbi http://creativecommons.org/licenses/by-nc-nd/4.0/ Sim Kee Boon Institute for Financial Economics eng Institutional Knowledge at Singapore Management University Federal Reserve monetary policy fiscal policy United States Economic Policy Finance and Financial Management |
| institution |
Singapore Management University |
| building |
SMU Libraries |
| continent |
Asia |
| country |
Singapore Singapore |
| content_provider |
SMU Libraries |
| collection |
InK@SMU |
| language |
English |
| topic |
Federal Reserve monetary policy fiscal policy United States Economic Policy Finance and Financial Management |
| spellingShingle |
Federal Reserve monetary policy fiscal policy United States Economic Policy Finance and Financial Management LAM, Thomas FOMC playbook: The only new game in town? |
| description |
In light of the Covid-19 pandemic, the Federal Open Market Committee (FOMC), while taking more aggressive actions, seems to have stuck more or less to the standard playbook of responding to “unusual and exigent circumstances”. This essentially calls for slashing conventional policy rates to their effective lower bound, accompanied by forward guidance, embarking on asset purchases, rolling out emergency liquidity facilities and experimenting with lending programmes. But policymakers, with the required US Treasury backstop, have also introduced more creative programmes to encourage credit extension and reached into different market segments. |
| format |
text |
| author |
LAM, Thomas |
| author_facet |
LAM, Thomas |
| author_sort |
LAM, Thomas |
| title |
FOMC playbook: The only new game in town? |
| title_short |
FOMC playbook: The only new game in town? |
| title_full |
FOMC playbook: The only new game in town? |
| title_fullStr |
FOMC playbook: The only new game in town? |
| title_full_unstemmed |
FOMC playbook: The only new game in town? |
| title_sort |
fomc playbook: the only new game in town? |
| publisher |
Institutional Knowledge at Singapore Management University |
| publishDate |
2020 |
| url |
https://ink.library.smu.edu.sg/skbi/15 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1014&context=skbi |
| _version_ |
1712305341159440384 |