by James D. Hamilton, Econbrowser.com Appeared originally at Econbrowser 30 January 2014 Caption illustration added by Econintersect. The Bureau of Economic Analysis announced today that U.S. real GDP grew at a 3.2% annual rate in the fourh quarter. That’s two quarters in a row now of above average growth. Given recent experience, that sounds pretty …
Tag Archives: James D. Hamilton
Federal Reserve Control of the Short-term Interest Rate
Once upon a time, U.S. monetary policy was conducted with its primary target defined in terms of the fed funds rate, which is the interest rate on an overnight loan of Federal Reserve deposits between private banks or other institutions that hold accounts with the Fed.
What’s Going to Happen to the Fed’s Balance Sheet?
by James D. Hamilton, Econbrowser.com Originally published at Econbrowser 17 March 2013. The Federal Reserve has increased its assets from $900 billion in 2007 to over $3,150 billion and still climbing today. On the liabilities side of the Fed’s balance sheet, reserve balances held by banks have gone from $10 B in 2007 to $1,750 …
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Dude, Where’s My Cheap Gas?
by James D. Hamilton, Econbrowser.com This article was originally published at Econbrowser. Those who have been told that oil production is booming may be wondering why the prices of oil and gasoline are climbing again.
Review: American Monetary Policy Since the Financial Crisis
by James D. Hamilton, reproduced from EconBrowser.com The Federal Reserve Bank of New York announced on Thursday that it had sold the last remaining securities from its Maiden Lane III portfolio, successfully closing the chapter on its assistance to insurance giant AIG. I thought this would be a good occasion to review the various measures that the …
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