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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: LLCF who wrote (10896)10/29/2001 7:12:48 PM
From: Moominoid  Read Replies (1) of 74559
 
When I learned econ (e.g. 1980 edition of Samuelson) we were taught that open market buying and selling actions were the main way of controlling interest rates with the discount rate as an anchor (that's why it is called the FOMC). Over time that has shifted somewhat in emphasis and other countries have mostly used active market transactions less than official interest rates. Maybe they are shifting their emphasis back again?
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