To implement this action, is the Fed using a typical monetary policy tool?

economics

Description

In the past month, the Federal Reserve has taken several actions to stem the economic effects of the COVID-19 pandemic. For your assigned monetary policy action: https://www.federalreserve.gov/newsevents/pressreleases/monetary20200320b.htm

1.     Briefly describe the monetary policy action. Make sure to give numbers (percentage/basis points, millions/billions of dollars).

2.     To implement this action, is the Fed using a typical monetary policy tool?

3.     Could this action affect the monetary base? If so, how?

4.     Could this action affect the money supply? If so, how?

5.     Could this action affect the interest rates? If so, how?

6.     Is there any other aspect of the economy that this action could affect? Explain how.

 

You will be graded on:

·       Clarity/ Organization (5 points)

·       Content (10 points)

·       Demonstration of understanding of material (5 points)

·       Professionalism/Delivery (5 points)

 Please answer those questions based on the website. For each, write 2 analytical paragraphs. 

Preview Solution
Price $15
Buy Ready Solution
(368 times downloaded)
OR
Get Same Assignment Done From Scratch

Get instant assignment help service

Related Questions in economics category

Disclaimer
The ready solutions purchased from Library are already used solutions. Please do not submit them directly as it may lead to plagiarism. Once paid, the solution file download link will be sent to your provided email. Please either use them for learning purpose or re-write them in your own language. In case if you haven't get the email, do let us know via chat support.