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Keywords:Global Financial Crisis 2007–09 

Working Paper
Monetary Policy and Economic Performance since the Financial Crisis

We review macroeconomic performance over the period since the Global Financial Crisis and the challenges in the pursuit of the Federal Reserve’s dual mandate. We characterize the use of forward guidance and balance sheet policies after the federal funds rate reached the effective lower bound. We also review the evidence on the efficacy of these tools and consider whether policymakers might have used them more forcefully. Finally, we examine the post-crisis experience of other major central banks with these policy tools.
Finance and Economics Discussion Series , Paper 2020-065

Working Paper
Monetary Policy and Economic Performance Since the Financial Crisis

We review the macroeconomic performance over the period since the Global FinancialCrisis and the challenges in the pursuit of the Federal Reserve’s dual mandate. Wecharacterize the use of forward guidance and balance sheet policies after the federal fundsrate reached the effective lower bound. We also review the evidence on the efficacy ofthese tools and consider whether policymakers might have used them more forcefully.Finally, we examine the post-crisis experience of other major central banks with thesepolicy tools.
Globalization Institute Working Papers , Paper 399

Working Paper
Monetary Policy and Economic Performance since the Financial Crisis

We review macroeconomic performance over the period since the Global Financial Crisis and the challenges in the pursuit of the Federal Reserve’s dual mandate. We characterize the use of forward guidance and balance sheet policies after the federal funds rate reached the effective lower bound. We also review the evidence on the efficacy of these tools and consider whether policymakers might have used them more forcefully. Finally, we examine the post-crisis experience of other major central banks with these policy tools.
Working Papers , Paper 2020-026

Working Paper
Monetary Policy and Economic Performance since the Financial Crisis

We review macroeconomic performance over the period since the Global Financial Crisis and the challenges in the pursuit of the Federal Reserve’s dual mandate. We characterize the use of forward guidance and balance sheet policies after the federal funds rate reached the effective lower bound. We also review the evidence on the efficacy of these tools and consider whether policymakers might have used them more forcefully. Finally, we examine the post-crisis experience of other major central banks with these policy tools.
Working Papers , Paper 2020-026

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