aleablog.com - 12/3/2008
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From the Fed:
Q: Will these operations be reserve neutral?
A: No, these operations will be financed through the creation of additional bank reserves.
in FAQs: Purchasing Direct Obligations of Housing-Related GSEs
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creditwritedowns.com - 12/1/2008
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creditwritedowns.com —
In economic circles, there has been a lot
of buzz about Quantitative Easing of late. Basically, the
U.S. Federal Reserve has lowered interest rates to near zero percent and the fear is that these cuts will not have enough effect on the willingness to ...
(more)
Quantitative easing: printing money like mad to ward off ...
creditwritedowns.com - 12/2/2008
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creditwritedowns.com —
Marshall Auerback here. Just yesterday, Ed wrote a
good post on quantitative easing . As much as
I liked the post, frankly I think Ed omitted some crucial factors about Japan, which I will detail here for you. Japan’s policy makers generally ...
(more)
A note on Japan’s experiment with quantitative easing
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Getting real
self-evident —
... — or in the county or in the state or in the nation or on the planet — is declining, then so will the real value of housing.
As we all know, the Federal Reserve is about to create $100 billion to purchase mortgage-backed securities.
Will these operations be reserve neutral?
No, these operations will be financed through the creation of additional bank reserves.
(h/t Alea)
But that was yesterday’s news. Today’s news is…
WSJ: ...
Quantitative easing, in practice
FT Alphaville —
... last week, but the details have only now come through. Of particular note though, via Alea (emphasis ours): Will these operations be reserve neutral? No , these operations will be financed through the creation of additional bank reserves . How long will the program be in place? The program to purchase up to $100 billion in GSE direct obligations will be in place for the next several quarters , subject to conditions in the market for such securities. Or years, if Japan - or indeed chairman Bernanke’s academic musings - are anything to go by. As he ...
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