| 来源类型 | VoxEU Column |
| 规范类型 | 评论 |
| The Alma Mater effect: The influence of a foreign education on political leaders' foreign policy | |
| Axel Dreher; Shu Yu | |
| 发表日期 | 2016-11-25 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | In the wake of the Great Recession, the Federal Reserve took unprecedented measures to stem economic decline. This column uses the Fed’s open-market operations in 1932, another period of short-term rates near the zero lower bound, as a comparison for the QE1 operation of 2008-09. Although the 1932 policy boosted output and inflation, if the Fed had announced the operation in advance and carried it out for a full year, the Great Depression could have been attenuated considerably earlier. |
| 主题 | Economic history ; Monetary Policy |
| 关键词 | Great depression Global crisis Quantitative easing Great recession Bonds monetary policy |
| URL | https://cepr.org/voxeu/columns/alma-mater-effect-influence-foreign-education-political-leaders-foreign-policy |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/552549 |
| 推荐引用方式 GB/T 7714 | Axel Dreher,Shu Yu. The Alma Mater effect: The influence of a foreign education on political leaders' foreign policy. 2016. |
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