Part Three
I guess my genealogy and key terms posts are all about macroeconomic demand management by the government via fiscal and monetary policies. The government is reacting to financial crises like the one in 2008 brought on by long-term secular trends in income and credit/debt creation/management.
Sterilization
downward nominal wage rigidity (DNWR)
Zero interest-rate policy (ZIRP)
nominal GDP level target
Opitmal Control Path
"extend and pretend"
Part Two
Commercial Paper
Part One
Interest on Excess Reserves (IOER)
Open Market Operations (OMO)
Hot Potato Effect
Monetary Base
Floor System
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Bloggily thinking out load here. Parts One and Two links.
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