Define monetary policy, and discuss the operation of monetary policy in the United States post-GFC. I'm already halfway done my introduction towards monetary policy and a breif summary on Global Financial Crisis
What's left is the body and conclusion.
These are the requirements:
b) Discuss the series of Monetary Response from Fed Reserve
i) reduce interest rate to rcord low
ii) QE1 (Nov 2008, US$600 bio of MBS, reach peak of US$2.1 trillion June 2010)
iii) QE2 (Nov 2010, US$600 bio of TBs)
iv) QE3 (Sept 2012, US$40 bio per month of agency MBS, US$85 bio from Dec 2012)
v) QE 3 tapering (June 2013 reduce to US$65 bio from US$85 bio)
c)In each of the monetary response (whether QE1 etc), analyze the following
i) economic situation for the introduction of the monetary policy (inflation, unemployment rate, consumption spending etc....)
ii) analyze the effectiveness of the monetary policy
iii) what went right and what went wrong
-Draw lessons learnt through the identification of gap analysis of what the Academic journals say vs current business/economic journals
15 references are required and I want my report to be plagiarized checked.
Submission date is 21/7/14 GMT +8 2359hrs
So it's pretty urgent, get back to me as soon as possible thank you.