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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 22
Philly Fed's Plosser Opposes QE3
Federal Reserve Bank of Philadelphia president Charles Plosser does not think that monetary policy can "do much to speed up the slow progress" in the labor market and opposes the Fed's latest round of stimulus, known as QE3, saying he does not think it prudent to risk the Fed's hard-won credibility.
a. Describe the QE3 asset purchases that are causing Charles Plosser concern.
b. How might asset purchases damage the Fed's credibility?
Federal Reserve Bank of Philadelphia president Charles Plosser does not think that monetary policy can "do much to speed up the slow progress" in the labor market and opposes the Fed's latest round of stimulus, known as QE3, saying he does not think it prudent to risk the Fed's hard-won credibility.
a. Describe the QE3 asset purchases that are causing Charles Plosser concern.
b. How might asset purchases damage the Fed's credibility?
Explanation
Verified
Verified
a.
QE3 asset purchase:
To promote econ...
Macroeconomics 11th Edition by Michael Parkin
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