Primer on Nontraditional Monetary Policy Tools: Paying Interest on Reserves

The severity of the last financial crisis led the nation’s central bank to pull out some nontraditional monetary policy tools. This first of two primers in Extra Credit on nontraditional tools explains in clear terms how paying interest on reserves has helped keep the federal funds rate low.

Share It:

Original Post: http://www.frbatlanta.org//pubs/extracredit/13spring_ior.cfm

Leave a Reply

Your email address will not be published. Required fields are marked *




Archives