The following figure, from the Federal Reserve Monetary Policy Report to the Congress (July 21, 2009), shows

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The following figure, from the Federal Reserve Monetary Policy Report to the Congress (July 21, 2009), shows the gross issuance of mortgage backed securities (MBS) in the United States from 2007 to the second quarter of 2009.

Comment on the drastic changes in the gross issuance of MBS in the United States during this period.

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Macroeconomics Policy And Practice

ISBN: 978-0133424317

2nd Edition

Authors: Frederic Mishkin

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The following figure, from the Federal Reserve Monetary Policy Report to the Congress (July 21, 2009), shows

Question:

Billions of dollars 80 70 60 50 40 30 20 10 0 Jan. Apr. July Oct. Jan. 2007 CMBS iili.. Apr. July 2008 TALF consumer ABS Oct. Jan. Apr. 2009 Non-TALF consumer ABS

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Macroeconomics Policy And Practice

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