eu: discrecionalidad de la política monetaria, 2008-2013

This paper addresses the unconventional monetary policy of the Federal Reserve during the 2008-2013 period. The first section describes the actions and impacts of “quantitative easing”, the second reviews the introduction of the new monetary regime and the third outlines the operating conditions and some results of the regime, while some final thoughts end up the paper. The general idea is that the u.s. monetary management during this period and beyond specific aspects, has engaged in a behavior that may well qualify dryly discretionary.