a) The central bank is the lender of the last resort in any country. Why did...

a) The central bank is the lender of the last resort in any country. Why did Fed chairman Jerome Powell said “This is the time to use the great fiscal power of the United States to do what we can do to support the economy and try to get through this with as little damage to the longer-run productive capacity of the economy as possible’ on April 29, 2020 ? ( WSJ, April 29, 2020)

Use the IS, LM curve to show under what conditions the monetary policy will be totally ineffective. Why ?

When monetary policy is ineffective, what kinds of policy does the Fed do?

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Rahul Sunny answered 1 year ago

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