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1、本科毕业论文AnalysisoftheFederalReserveMonetaryPolicyin2008SubprimeCrisis院系外国语言文学系专业英语年级2009级学号姓名Juliet指导教师Tony贵州●铜仁2013年05月2008年次贷危机下美联储的货币政策Juliet铜仁学院外国语言文学系2013年05月TABLEOFCONTENTSABSTRACT(English)iABSTRACT(Chinese)iiI.Introduction1II.TheBackgroundofSubpr
2、imeCrisis2III.TheImplementofMonetaryPolicy23.1FederalReserve23.2TheMonetaryPolicy33.2.1TheOriginalMonetaryPolicy33.2.2TheCreativeMonetaryPolicy43.2.3TheDifferencebetweentheCrisisandthePreviousCrisis6IV.TheInfluenceofMonetaryPolicy10V.Conclusion12REFER
3、ENCES13ACKNOWLEDGEMENTS14ABSTRACTDuringthesubprimecrisisin2008,toavoidthedepressionofeconomy,.theFRBresisteditbyboththeoriginalandcreativemonetarypolicy.Whentheoriginalpolicylostefficacy,theFRBtookmeasuresbyusingthecreativepolicytoincreasethemobilityo
4、fmarketandprovoketheeconomytorecover.KeyWords:SubprimeCrisis;theFRB;MonetaryPolicy;Advisor’sSignatureStudent’sSignature摘要2008年次贷危机期间,为避免经济重陷大萧条的危险境地。美联储通过传统货币政策和新型货币政策来应对次贷危机。当传统的货币政策失效的条件下,美联储采取利用新型货币政策增加市场流动性和刺激经济复苏目的的非常规性措施。关键词:次贷危机;美联储;货币政策;指导老师签名
5、学生签名AnalysisoftheFedralReserveMonetaryPolicyin2008SubprimeCrisisI.IntroductionIn2000,withitsGDPreaching$9.255trillion,theUSAledtheworldnotonlyinoveralleconomicpower,butalsointermsofindividualpurching-powerparties.Inthesense,theUSAstillremainsthemostpo
6、wer,themostadvanced,andthelargesteconomyintheworld,indeed,“theengineofworldeconomy”(王恩铭,2003:134).Afterthe9.11tookplace,theFRBmadetheinterestratelowpromptly.In2003,theinterestratereduced1%neverpreviouslyexisted.Themobilitybecameexcessbecauseofthelowra
7、te.Intheotherwords,theexcessischiefcauseofin2008subprinecrisis.TheFRBfoundtheeconomyoverheatinganddecidedtoelevatetherate.Theinterestratebegantopromotehousegraduallydescended.Thepeoplecouldnotaffordthehouseandpaidbackthemoneyofloan.Atlast,theydefaulte
8、dandthebanksortheinstitutionofloanlostmuchmoney.In2007,theUSeconomicmarketwashitheavily.TheFRBhadtoreducetherateagain.InDec.17th,2008,theratedeclinedfrom5.25%to0-0.25%.However,theeconomicmarketdidnotbecomeremission.TheFRBadjustthemonetarypolic