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Fed Policy Procedures: Historical Perspective Mishkin 19 Appendix.

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Presentation on theme: "Fed Policy Procedures: Historical Perspective Mishkin 19 Appendix."— Presentation transcript:

1 Fed Policy Procedures: Historical Perspective Mishkin 19 Appendix

2 Discovery of Open Market Operations

3

4 The Great Depression: Stock Market Crash

5 The Great Depression: Soup Kitchens

6 The Great Depression: Money Supply Equation

7 The Great Depression: Walter’s Wiggles

8 The Great Depression: CCC and Fiscal Policy

9 Reserve Requirements as Policy Tool

10 The Great Depression: 1937 Debacle

11 War Finance and the Pegging of Interest Rates: 1942-1951

12 Targeting Money Market Conditions: The 1950’s and 1960’s

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14 Targeting Monetary Aggregates: The 1970’s

15 New Fed Operating Procedures: October 1979 – October 1982

16 De-Emphasis of Monetary Aggregates: October 1982 – Early 1990’s

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18 Federal Funds Targeting Again: Early 1990’s and Beyond

19 Greenspan Put

20 Preemptive Strikes Against Inflation

21 Preemptive Strikes: ENRON

22 Preemptive Strikes: Long Term Capital Management

23 Preemptive Strikes: Lehman Brothers

24 Preemptive Strikes: The Global Financial Crisis

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