Writing a research paper is among the most challenging aspects of student life. During the latter part of high school and throughout college, you will be required to write several of these types of papers. For some classes, there will be a list of topics to choose from. Others allow students to choose their own research paper topics, but they may ask for a certain style.
The Fed’s Monetary Policy Response to the Current Crisis
Monetary Policy - Bank of Canada
Since the s, interest rates around the world have trended downward, reflecting lower inflation, demographic and technological forces that have increased desired global saving relative to desired investment, and other factors. Although low inflation and interest rates have many benefits, the new environment poses challenges for central banks, who have traditionally relied on cuts to short-term interest rates to stimulate sagging economies. A generally low level of interest rates means that, in the face of an economic downturn or undesirably low inflation, the room available for conventional rate cuts is much smaller than in the past. This constraint on policy became especially concerning during and after the global financial crisis, as the Federal Reserve and other major central banks cut short rates to zero, or nearly so. With their economies in freefall and their traditional methods exhausted, central banks turned to new and relatively untested policy tools, including quantitative easing, forward guidance, and others.
Board of Governors of the Federal Reserve System
Monetary policy in the United States comprises the Federal Reserve's actions and communications to promote maximum employment, stable prices, and moderate long-term interest rates--the economic goals the Congress has instructed the Federal Reserve to pursue. In a review conducted over and , the Fed took a step back to consider whether the U. Here are the results. Transcripts and other historical materials. Press Conference April 28,
We consider how a central bank digital currency CBDC could transform all aspects of the monetary system and facilitate the systematic and transparent conduct of monetary policy. In particular, we find that CBDC can serve as a practically costless medium of exchange, secure store of value, and stable unit of account. To achieve these criteria, CBDC would be account-based and interest-bearing, and the monetary policy framework would foster true price stability.