{"id":4847,"date":"2012-10-11T21:32:03","date_gmt":"2012-10-12T03:32:03","guid":{"rendered":"http:\/\/www.zmetro.com\/?p=4847"},"modified":"2012-10-11T21:32:03","modified_gmt":"2012-10-12T03:32:03","slug":"trickle-down-central-banking","status":"publish","type":"post","link":"https:\/\/www.zmetro.com\/?p=4847","title":{"rendered":"Trickle-down central banking"},"content":{"rendered":"<p><a href=\"http:\/\/www.economist.com\/blogs\/freeexchange\/2012\/10\/monetary-policy-2?fsrc=scn\/tw\/te\/bl\/trickledowncentralbank\">The Economist<\/a>: <\/p>\n<blockquote><p><i>HOW is bond-buying by the Federal Reserve supposed to help the real economy? Last week, my colleague and I debated the potency of monetary stimulus when household balance sheets were constrained. Instead of arguing in a vacuum, perhaps it would be better to ask Ben Bernanke, the Fed\u2019s chairman, how he thinks the Fed is assisting the recovery. Fortunately, a reporter from Reuters did just that at the press conference held in the afternoon after the announcement of QE3. Mr Bernanke\u2019s response:<\/i><\/p><\/blockquote>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Economist: HOW is bond-buying by the Federal Reserve supposed to help the real economy? Last week, my colleague and I debated the potency of monetary stimulus when household balance sheets were constrained. Instead of arguing in a vacuum, perhaps it would be better to ask Ben Bernanke, the Fed\u2019s chairman, how he thinks the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/4847"}],"collection":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4847"}],"version-history":[{"count":0,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/4847\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}