Federal Reserve: The Fed, the Stock Market, and the "Greenspan Put"
Abstract: Market commentors noticed a pattern during Alan Greenspan's tenure as Fed chair from 1987 to 2006. The Fed, it appeared to some, had developed a policy of bailing out stock investors by injecting liquidity into the economy amid large stock market declines. This perceived tendency came to be called the "Greenspan put."
Keywords: Alan Greenspan; "Greenspan Put"; liquidity; monetary policy;
File format is application/pdf
Description: Journal Article
Provider: Federal Reserve Bank of Richmond
Part of Series: Econ Focus
Publication Date: 2023