{"id":1460,"date":"2018-08-01T20:56:50","date_gmt":"2018-08-01T20:56:50","guid":{"rendered":"http:\/\/bancosfinanzasvalores.com\/?p=1460"},"modified":"2018-08-01T20:56:50","modified_gmt":"2018-08-01T20:56:50","slug":"look-at-the-pre-crisis-system-for-monetary-policy-implementation","status":"publish","type":"post","link":"https:\/\/bancosfinanzasvalores.com\/en\/2018\/08\/01\/look-at-the-pre-crisis-system-for-monetary-policy-implementation\/","title":{"rendered":"A Look at the Pre-Crisis System for Monetary Policy Implementation"},"content":{"rendered":"<p>In an article for the Economic Policy Review, current and former New York Fed staffers took an in-depth look at the operating framework the Federal Reserve used for monetary policy implementation prior to the financial crisis. The authors show how the operating procedures at that time were based on a scarcity of reserves in the banking system, and how the framework had to be abandoned once the Fed\u2019s balance sheet expanded in response to the financial crisis. \u201cWhile the current framework will likely evolve as the FOMC considers its appropriateness in meeting future monetary policy challenges, a return to the pre-crisis framework is not necessarily desirable,\u201d they conclude.<\/p>\n<h3><a href=\"https:\/\/www.newyorkfed.org\/medialibrary\/media\/research\/epr\/2018\/epr_2018_pre-crisis-framework_sarkar.pdf\">Read More<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>In an article for the Economic Policy Review, current and former New York Fed staffers took an in-depth look at the operating framework the Federal Reserve used for monetary policy implementation prior to the financial crisis. The authors show how the operating procedures at that time were based on a scarcity of reserves in the [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":1461,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[31,1],"tags":[],"class_list":["post-1460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finances","category-titulares"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>A Look at the Pre-Crisis System for Monetary Policy Implementation - Bancos Finanzas y Valores<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bancosfinanzasvalores.com\/2018\/08\/01\/look-at-the-pre-crisis-system-for-monetary-policy-implementation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Look at the Pre-Crisis System for Monetary Policy Implementation - Bancos Finanzas y Valores\" \/>\n<meta property=\"og:description\" content=\"In an article for the Economic Policy Review, current and former New York Fed staffers took an in-depth look at the operating framework the Federal Reserve used for monetary policy implementation prior to the financial crisis. 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