Język Polski
English
Published
:
2014-10-30
The Efficiency of the Federal Reserve Non-Standard Measures in Light of Empiric Evidence and Market Data Changes
Hanna Żywiecka
Abstract
The most significant element of unconventional monetary policy, applied for the first time in a bigger scale by the Federal Reserve in 2008, was Direct Quantitative Easing. This consisted of public sector asset purchases containing Government Sponsored Debt and Mortgage-Backed Securities, as well as, Treasury Papers. Asset purchases known as the Large Scale Asset Purchase program contributed to the growth of commercial bank liquidity, as well as, to the improvement of financing conditions on the market as, thanks to the portfolio effect, the long term interest rates were decreased. Some positive effects on the labour market, as well as, in the area of economic activity can be proven as well.(original abstract)Keywords:
Financial crisis, Monetary policySimilar Articles
- Adam Wyszkowski, Tax Expenditures in Fiscal Transparency Policy , Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu: Vol. 37 (2011)
- Katarzyna Wójtowicz, The Needs and Possibilities of Reducing General Government Deficits under Economic Crises Conditions , Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu: Vol. 36 (2011)
- Magdalena Szyszko, The Analysis of the Relationship between the Changes of the NBP Interest Rates and Interest Paid on Deposits , Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu: Vol. 30 (2010)
- Joanna Śmiechowicz, The Use of European Funds in the Implementation of Public-private Partnerships in Poland - Past Experience and Future Possibilities , Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu: Vol. 57 No. 6 (2014)
You may also start an advanced similarity search for this article.
Details
References
Statistics
Authors
Citation rules
Żywiecka, H. (2014). The Efficiency of the Federal Reserve Non-Standard Measures in Light of Empiric Evidence and Market Data Changes. Zeszyty Naukowe Wyższej Szkoły Bankowej W Poznaniu, 56(5). Retrieved from https://journals.wsb.poznan.pl/index.php/znwsb/article/view/1103