Innovative Federal Reserve Policies During The Great Financial Crisis

This title contains discussions of unconventional monetary policies, policy changes to address systemic and payments systems risks, new macroprudential policies, the 'stretching' of the financial safety net, changes in the Fed's liquidity funding facility (the discount window), use of the Fed's balance sheet as a tool of monetary policy, and alternative means to deal with real-estate asset bubbles and potential financial instability.

The 10 chapters in this book offer a unique analysis of several innovative approaches by the Federal Reserve that contributed to the stabilisation of the US economy following the Great Recession.

Based on papers presented at the 91st Annual Conference of the Western Economic Association International Meetings in Portland, Oregon, 2016.