曼昆经济学原理(宏观经济分册)货币制度21重点.ppt

* * * * * * * * * Reserve requirements were introduced defined on the slide titled “Bank Reserves,” immediately following “The Structure of the Fed.” Reserve requirements are not a good tool for monetary policy: To make the money supply grow over time, the Fed would have to continually reduce reserve requirements. This is neither possible – they cannot be reduced below 0 – nor desirable – if reserves are too low, then banks will have liquidity problems, and bank runs (discussed later in the chapter) might become fashionable again. To reduce the money supply using reserve requirements