Economics of International Financial Markets

Assessment Instructions
Question: You are required to write an essay up to 2,000 words to answer the following question:
Did the Fed’s Large-Scale Asset Purchases (LSAPs) succeed in bringing down U.S. long-term interest rates?
Reference for getting started:
Williams, J. C. (2011) “Unconventional monetary policy: lessons from the past three years,” Speech 92, Federal Reserve Bank of San Francisco.

Answer

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