Re:The Pandemic Boom Goes Bust
by eru on Wednesday February 02, 2022 @04:54AM
(#30175612)
The 2008-ish recession saw the Fed pay banks to keep money off the market. No wonder that economic activity remained sluggish.
For the 2020 recession, you had the Fed drop reserve requirements for bank, and move to average inflation targeting, and in general move much more aggressively.
See also Japan: since the 1990s they had a long history of fiscal stimulus and monetary tightness. When Abe came to power a few years ago, he loosened monetary policy, and the Japanese nominal GDP started to grow again.
For the 2020 recession, you had the Fed drop reserve requirements for bank, and move to average inflation targeting, and in general move much more aggressively.
See also Japan: since the 1990s they had a long history of fiscal stimulus and monetary tightness. When Abe came to power a few years ago, he loosened monetary policy, and the Japanese nominal GDP started to grow again.