What Is an Economic Think Tank?

In response to the worst financial crisis since the Great Depression, the US government, the Treasury and the Federal Reserve jointly launched an unprecedented financial rescue and fiscal stimulus plan. At different stages of crisis development, a series of city rescue measures have been introduced continuously, ranging from financial rescue to physical relief, from emergency "crisis management" to long-term "structural adjustment". Its high frequency of use and wide policy scope The strength of implementation is rare, and a more systematic crisis response mechanism has also been formed. This has played a positive role in curbing the deep downturn of the economy and boosting the US economy. This can not be attributed to the four think tanks of the Obama administration. .

U.S. Government Economic Think Tank

Right!

Dealing with the worst since the Great Depression

The National Economic Council was established in 1993.Its main function is to provide policy advice to the President on U.S. and global economic policies.

To cope with current

The Obama administration has adopted a series of market rescue measures in response to the financial crisis to build a systematic economic crisis response mechanism. For example, in order to solve the growing financial crisis, the U.S. government carefully selected effective tools to deal with the crisis. On the one hand, it used conventional monetary policy to the extreme and maximized its role; on the other hand, the Fed launched a series of unconventional liquidity in a timely manner Management tools, such as short-term bidding tools for depository institutions, short-term securities lending tools for first-tier dealers, asset-backed commercial paper for depository institutions and bank holding companies, and commercial paper financing tools for commercial paper issuers. These unconventional measures have played a very important role in increasing the liquidity supply of the market, expanding the scale of credit, and restoring market confidence.

Within the framework of this mechanism, the U.S. government has fully mobilized all parties to respond in an orderly, rapid, and effective manner to major economic crisis events, and played an important role in pushing the U.S. economy out of the recession as quickly as possible, focusing on think tanks Its role has really helped the US economy. ^[1]