{"product_id":"gauging-the-ability-of-the-david-reifschneider-9781543051186","title":"Gauging the Ability of the FOMC to Respond to Future Recessions","description":"As this note will argue, however, such historical comparisons are misleading for several reasons, including their failure to take account of the demonstrated ability of the FOMC to provide accommodation through large-scale asset purchases and guidance about the future path of the federal funds rate. Given these problems with historical comparisons, this note instead focuses on a different method for gauging the ability of the Federal Reserve to respond to future recessions-model simulations. Specifically, we use FRB\/US, a model of the U.S. economy.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e David Reifschneider,Board of Governors of the Federal Reserv\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1543051189\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781543051186\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Createspace Independent Publishing Platform\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 02\/22\/2017\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 30\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.21lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 11.02h x 8.50w x 0.06d","brand":"David Reifschneider","offers":[{"title":"Paperback","offer_id":48623234121983,"sku":"9781543051186","price":12.95,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.whiterainbookhouse.com\/products\/gauging-the-ability-of-the-david-reifschneider-9781543051186","provider":"WR Book House","version":"1.0","type":"link"}