COVID-19 and the Fed’s Credit Policy

Robert Hetzel
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Robert Hetzel: Mercury Publication

No 10689, Working Papers from George Mason University, Mercatus Center

Abstract: Summarized by Pat H: this paper gives a largely critical view of the Fed's recent foray into credit policy through its numerous emergency lending facilities and discusses such actions' implications for moral hazard and for central bank independence.

Pages: Length not available.
Date: 2020-07-29
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