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THE MUNICIPAL LIQUIDITY FACILITY.

Authors :
Haughwout, Andrew
Hyman, Ben
Shachar, Or
Source :
Economic Policy Review (19320426). Jun2022, Vol. 28 Issue 1, p35-57. 23p.
Publication Year :
2022

Abstract

The article reports that in the spring of 2020, the Federal Reserve System, in collaboration with the U.S. Treasury, established for the first time a program under which it offered short-term funding to states, localities, and other municipal entities. In this article, we discuss the basic economics of state and local governments and the ways they use debt.

Details

Language :
English
ISSN :
19320426
Volume :
28
Issue :
1
Database :
Academic Search Index
Journal :
Economic Policy Review (19320426)
Publication Type :
Academic Journal
Accession number :
157854570