Large Scale Asset Purchases by US Treasury After 1870

February 12th, 2014
in econ_news, syndication

Econintersect: Did you know the United States Treasury conducted large scale asset purchasing prior to the creation of the Federal Reserve? A new Chicago Fed study looks at the period between 1870 and 1913 where the U.S. Department of the Treasury engaged in a number of refundings and sinking fund purchases.

Follow up:

[click here to read the entire study]

Source: http://www.chicagofed.org/digital_assets/publications/economic_perspectives/2013/4Q2013_part2_chabot_herman.pdf









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