文章基本信息
- 标题：Unconventional Behavior
- 本地全文：下载
- 作者：Mark Stone ; Kenji Fujita ; Kotaro Ishi 等
- 期刊名称：Finance and Development
- 印刷版ISSN：0015-1947
- 电子版ISSN：0145-1707
- 出版年度：2011
- 卷号：48
- 期号：03
- 出版社：International Monetary Fund
- 摘要：
IN early 2009 the U.S. Federal Reserve was in a quandary. The United States was locked in the second year of a recession, and things were not improving. The standard action would have been to reduce short-term interest rates to stimulate consumer and business demand. But the crisis had brought short-term interest rates to near zero, and they could go no lower.
