Comment on: “Speculative runs on interest rate pegs” by Marco Bassetto and Christopher Phelan

The aftermath of the financial crisis has spawned a variety of questions for policymakers within the Federal Reserve System. Possibly the most timely question is how to raise short term interest rates in the context of enormous levels of excess reserves.

Classification

• Financial Literacy

Subjects

• Interest rates
• Interest rate peg

Details

• From
  Journal of Monetary Economics, 73 (Jul. 2015) 115-118
• Language
  English
• ISSN
  0304-3932