The Fed and Its Shadow: A Historical View

Charles Kahn, Stephen Quinn and William Roberds

Policy Hub, 2023, vol. 2023, issue 6, 32

Abstract: Central bank policies have always incorporated both a discretionary or active component and a passive component. Successful central banking has required a coordination of the two components. After a period of apparent dormancy, the passive component of monetary policy has emerged from the shadows and become relevant for Federal Reserve policy today.

Keywords: central bank; monetary policy; active; passive; repo; reverse repo (search for similar items in EconPapers)
JEL-codes: E58 G23 N20 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.atlantafed.org/-/media/documents/resea ... -historical-view.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:a00068:97141

DOI: 10.29338/ph2023-6

Access Statistics for this article

More articles in Policy Hub from Federal Reserve Bank of Atlanta Contact information at EDIRC.
Bibliographic data for series maintained by Robert Sarwark ().