The Response of Monetary Policy to Financial Distress

Gauti Eggertsson, Andrea Ferrero and Marco Del Negro

No 68, 2009 Meeting Papers from Society for Economic Dynamics

Abstract: 3) In light of the model, is the rapid decline in the Fed Funds Rate in 2007-2008 justified by the recent turmoil in financial markets?

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed009:68

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