325_Supplement11

325_Supplement11 - Department of Economics University of...

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Intermediate Macroeconomic Analysis Spring 2011 1 Department of Economics University of Maryland Economics 325 Intermediate Macroeconomic Analysis Supplement 11 Professor Sanjay Chugh Spring 2011 The following interview with Donald Kohn, the recently-retired Vice-Chairman of the Federal Reserve, appeared on the Wall Street Journal “Real Time Economics” blog on November 1, 2010. Kohn discusses some broad issues associated with the second round of “quantitative easing” (known informally as “QE2”) by the Federal Reserve, which was announced on November 3, 2010.
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Intermediate Macroeconomic Analysis Spring 2011 2 November 1, 2010, 3:57 PM ET Q&A: Kohn Says QE2 Won’t ‘by Huge Amount’ Turn Economy Around Former Federal Reserve Vice Chairman Donald Kohn , who retired from the Fed two months ago and is now at the Brookings Institution think tank in Washington, D.C., says that if the Fed — as markets widely anticipate — decides this week to launch a new round of bond-buying, it will have “some benefit” but won’t “instantly and by a huge amount turn the economy around.” The U.S. central bank is widely expected to announce a new round of bond purchases, known as quantitative easing, or QE, on
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325_Supplement11 - Department of Economics University of...

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