Actions taken by Government: Difference between revisions
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-Fed. reserve bought a number of government securities through open market operations. | -Fed. reserve bought a number of government securities through open market operations. | ||
<br>-Fed. Reserve put $100 billion into the financial system each day immediately following the attacks. | <br>-Fed. Reserve put $100 billion into the financial system each day immediately following the attacks. | ||
The Rederal Reserve cut interest rates by 1/2 a percentage point on the first day markets were open after the attack | |||
<p align="center">[[Economic Impact of 9/11]]</p> | <p align="center">[[Economic Impact of 9/11]]</p> | ||
Revision as of 04:08, 3 December 2007
-Fed liquidated all assets and shut down stock market to prevent bank run/panic
-Fiscal Policy --operated at a budget deficit
-Monetary Policy
-Fed. reserve bought a number of government securities through open market operations.
-Fed. Reserve put $100 billion into the financial system each day immediately following the attacks.
The Rederal Reserve cut interest rates by 1/2 a percentage point on the first day markets were open after the attack
