Our final topic, on the 'Mechanics of Monetary Policy', will be split into 2 parts.
1. The transmission mechanism
The reading pack can be downloaded here.
2. The implementation
The reading pack as well as the final presentation file can be downloaded here.
The articles included are mainly on how the open market operation works. For the unconventional policy measures, the details can be found on the fed's website here. For a macro overview of crisis management and the general philosophy of unconventional monetary policy, consult two very good speeches by Bernanke [1.@LSE][2.@National Press]. Also don't forget the Brunnermeier's article included in topic 4's reading pack, which describes the unfolding of subprime crisis.
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