The European Monetary Institute has organised a seminar on a topic with which I have become very closely associated during the many years that I have been working at the Deutsche Bundesbank and my time as Chairman of the Working Group on EU Payment Systems.
Most recently, after the September FOMC meeting, we announced that the Federal Reserve would purchase additional agency mortgage-backed securities (MBS) and continue with the  9  This projection is the alternative fiscal scenario in a CBO report from August of this year. See Congressional Budget Office (2012), An Update to the Budget and Economic Outlook: Fiscal Years 2012 to 2022 (Washington: CBO, August).