The Fed's Interest on Reserves
Explore the reasons behind the Federal Reserve's decision to pay interest on reserves during the 2008 financial crisis. Economist Robert Hall discusses the various economic and political factors at play and shares his thoughts on the use of this policy instrument. Discover why some experts believe the rate should be negative and how it affects banks and monetary policy.In this clip
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EconTalk
Robert Hall on Recession, Stagnation, and Monetary Policy
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