Economics Policy

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Essay #: 061803
Total text length is 6,328 characters (approximately 4.4 pages).

Excerpts from the Paper

The beginning:
Economics Policy
Part One
Prior to the start of the most recent economic recession in the United States in 2008, the Federal Reserve Bank (the Fed) had three major tools to use when helping to influence the U.S economy. These tools are open market operations, discount rate, and required reserve ratio. Since the economic crisis began in 2008, the Fed has implemented several new tools in order to help the U.S. economy re-expand and get back to working as functionally and as quickly as possible.
One of the new tools that the Fed has created to help the economy improve was the Term Auction Facility (TAF). The Term Auction Facility improves upon Repurchase Agreements, which is a loan given to a bank from the Federal Reserve (
Torralba
). A TAF...
The end:
.....money individuals are willing or able to put in to circulation through the market.
References
Bernanke, Ben. “Money, Gold, and the Great Depression,” H. Parker Willis Lecture in Economic Policy, Washington and Lee University, Lexington, Virginia, March 2, 2004. Retrieved 26 July 2010, <http://www.federalreserve.gov/boarddocs/speeches/2004/200403022/default.htm>
Moffat, Mike. “A Beginner’s Guide to the Reserve Ratio.” Retrieved 26 July 2010, <http://economics.about.com/cs/money/a/reserve_ratio.htm>
Torralba
, Francisco M. “The Fed’s New Tools, Part 1 and Part 2,”
Econweekly
. Retrieved 26 July 2010, <http://www.econweekly.com/2008/04/feds-new-tools-i.html> and <http://www.econweekly.com/2008/04/feds-new-tools-ii.html>