Review the article “The Role of the Federal Reserve as an International Lender of Last Resort during the 2007-2008 Financial Crisis” and use an additional 4 scholarly or academic source and appraise how the use of the various monetary policy tools has changed over time and evaluate how these monetary tools has required compromises to reach certain economic goals, particularly the goals of high economic growth and low inflation.
1/ Appraise how the importance of different monetary policy tools has changed over time.
2/ Evaluate how the monetary tools may require compromise to reach certain economic goals, particularly the goals of high economic growth and low inflation.
3/ Defend why the open market operations have traditionally been the Fed’s preferred tool in conducting monetary policy.
4/ Explain the role of monetary targeting in monetary policy.
5/ Illustrate how the Fed’s monetary policy goals promoted a well-functioning economy.
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