Fed Policy Procedures: Historical Perspective Mishkin 19 Appendix.

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Presentation transcript:

Fed Policy Procedures: Historical Perspective Mishkin 19 Appendix

Discovery of Open Market Operations

The Great Depression: Stock Market Crash

The Great Depression: Soup Kitchens

The Great Depression: Money Supply Equation

The Great Depression: Walter’s Wiggles

The Great Depression: CCC and Fiscal Policy

Reserve Requirements as Policy Tool

The Great Depression: 1937 Debacle

War Finance and the Pegging of Interest Rates:

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

Targeting Monetary Aggregates: The 1970’s

New Fed Operating Procedures: October 1979 – October 1982

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

Federal Funds Targeting Again: Early 1990’s and Beyond

Greenspan Put

Preemptive Strikes Against Inflation

Preemptive Strikes: ENRON

Preemptive Strikes: Long Term Capital Management

Preemptive Strikes: Lehman Brothers

Preemptive Strikes: The Global Financial Crisis

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