Везде
Priorities of modern U.S. federal reserve monetary policy
Table of contents
Annotation Estimate Publication content
References Comments
Share
QR
Metrics
Priorities of modern U.S. federal reserve monetary policy
Annotation
PII
S207054760014751-3-
Publication type
Article
Status
Published
Authors
Mikhail Portnoy 
ORCID: 0000-0002-8204-7771
Occupation: Chief Researcher
Affiliation: Institute for the U.S. and Canadian Studies of the Russian Academy of Sciences
Address: Russian Federation, Moscow
Edition
Issue 1
Abstract

The formation of the renewed FRS monetary policy model during two first decades of 21st century is considered in the article. The interest rate managing policy is estimated as a tool again inflation. The destination of low interest rates policy is exclaimed as a tool of choice for financial investments in stock market instead of banks. The mechanism of Quantity Easing is described. Dodd-Frank Act is mentioned as a tool of banking regulation. Attention is attracted to the FRS struggle against LIBOR as a popular rate in world financial market. Attention is attracted to problems of money theory important for FRS successful work. 

Keywords
USA, FRS, rate of interest, quantitative easing, Dodd-Frank Act, LIBOR
Acknowledgment
The reported study was funded by RFBR, project number 19-014-00007 “Evolution of the American government regulation model for XXI century. View from Russia”.
Received
22.01.2021
Date of publication
27.04.2021
Number of purchasers
23
Views
1858
Readers community rating
0.0 (0 votes)
Previous versions
S207054760014751-3-1 Дата внесения правок в статью - 22.04.2021
Cite Download pdf

References

1. Pol Volker – chelovek, pobedivshij v 1970kh inflyatsiyu v SShA. RBK. 9 dekabrya 2019. URL: https://www.rbc.ru/society/09/12/2019/5dee5aa59a7947500a083e01

2. Bernanke, Ben S., and Frederic S. Mishkin. 1997. "Inflation Targeting: A New Framework for Monetary Policy?" Journal of Economic Perspectives, 11 (2): p.97-116. DOI: 10.1257/jep.11.2.97. URL: https://www.aeaweb.org/articles?id=10.1257/jep.11.2.97

3. Chair Jerome H. Powell. New Economic Challenges and the Fed. August 27, 2020. URL: https://www.federalreserve.gov/newsevents/speech/powell20200827a.htm

4. Stavka FRS SShA 2000–2021. Global Finance. Assessed March 16, 2021. URL: http://global-finances.ru/stavka-frs-ssha/

5. Tramp podpisal ukaz, predpisyvayuschij peresmotret' reformu Uoll-strit vremyon Obamy. TASS, 3 fevralya 2017. URL: https://tass.ru/mezhdunarodnaya-panorama/3996430; Kommentarii otnositel'no izmeneniya zakona «Dodda – Franka». BCC Invest. 7 fevralya 2017 g. URL: https://www.bcc-invest.kz/download/files/archive-docs/kommentarii_otnositelno_izmeneniya_zakonadodda-franka.pdf

6. Chair Jerome H. Powell. New Economic Challenges and the Fed. August 27, 2020. URL: https://www.federalreserve.gov/newsevents/speech/powell20200827a.htm

7. Financial Accounts of the United States. March 9, 2017. P. 86. URL: www.federalreserve.gov

8. Programma kolichestvennogo smyagcheniya FRS: QE 1, QE 2, QE 3, QE 4. URL: http://global-finances.ru/frs-ssha-kolichestvennoe-smyagchenie-e/

9. US Economic Outlook and Monetary Policy. Vice Chair Richard H. Clarida. March 25, 2021. URL: https://www.federalreserve.gov/newsevents/speech/clarida20210325a.htm

10. Chair Jerome H. Powell. Coronavirus Aid Relief and Economic Security Act. Before the Committee on Financial Services, U.S. House of Representatives. March 23, 2021. URL: https://e.mail.ru/inbox/0:16164451670405844969:0/

11. U.S. Economic Outlook and Monetary Policy: An Update. Remarks by , Lael Brainard , Member Board of Governors of the Federal Reserve System. at the C. Peter McColough Series on International Economics; Council on Foreign Relations. New York, New York. March 2, 2021. URL: https://www.federalreserve.gov/newsevents/speech/brainard2021032a.htm

12. Closing Remarks. Speech by Jerome H. Powell. Chair Board of Governors of the Federal Reserve System at “Pushing the Frontiers of Payments: Towards Faster, Cheaper, More Transparent and More Inclusive Cross-Border Payments,” a conference hosted by the Committee on Payments and Market Infrastructures. Basel, Switzerland March 18, 2021. URL: https://www.federalreserve.gov/newsevents/speech/powell20210318a.htm

13. Kak i chem zamenit' LIBOR. Direktor kaznachejstva Sberbanka Aleksej Lyakin o slozhnostyakh perekhodnogo perioda reformy indikatorov. Vedomosti. 5 fevralya 2020. URL: https://www.vedomosti.ru/opinion/articles/2020/02/05/822257-zamenit-libor

14. Keynote Remarks by Randal K. Quarles, Vice Chair, Board of Governors of the Federal Reserve System. March 22, 2021. URL: https://www.federalreserve.gov/newsevents/speech/quarles20210322a.htm

15. Regulyatory SShA prizvali banki otkazat'sya ot LIBOR posle 2021 goda. Interfaks. 30 noyabrya 2020. URL: https://www.interfax.ru/business/739317

Comments

No posts found

Write a review
Translate