ANALYSIS OF THE MONETARY POLICY IN THE USA
plugins.themes.bootstrap3.article.main673f0ba0b1229
Santrauka
The establishment of the Federal Reserve System (FRS) in 1913 marked a pivotal moment in ensuring financial stability. This article scrutinizes the structure, trajectory, and evolution of monetary policy since the inception of the Fed. With shifting trends and the achievement of a low inflation environment coupled with the lower bound challenge, maintaining a dual mandate and the autonomy of the Fed raises questions about the efficacy of current monetary policies. The authors analyze the effectiveness of implemented policies and propose an alternative approach to monetary policy implementation, advocating for mechanisms beyond quantitative easing and forward guidance. They suggest leveraging macroprudential policies and preemptive strategies, such as introducing safeguards and simultaneously setting a diverse range of federal fund rates to address specific market segments in alignment with the Fed's objectives
plugins.themes.bootstrap3.article.details673f0ba0b4ff4
Authorship Responsibility and Authors' Statements
The authors must submit the Author's Guarantee Form, declaring that the article submitted to Public Security and Public Order is an original work and has neither been published nor is under consideration for publication elsewhere. More so, the work has been carried out by the authors and the article does not contravene any existing copyright or any other third party rights. The AUTHOR'S GUARANTEE FORM could be found HERE
Authors contributing to Public Security and Public Order agree to publish their articles allowing third parties to share their work (copy, distribute, transmit) and to adapt it with a condition of proper referencing; the authors contributing agree to transfer all copyright ownership of the manuscript to the Public Security and Public Order.
