What Does It Mean for the Fed to Be the "Lender

question 159

Essay

What does it mean for the Fed to be the "lender of last resort?"

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Definitions:

External Validity

The extent to which the results of a study can be generalized to other situations and to other people.

Generalize

The process of applying the findings from a study to broader contexts, indicating the extent to which the results are applicable to other settings, populations, or times.

Experimenter Bias

A form of bias introduced by the expectations, beliefs, or preferences of the researcher conducting an experiment which can affect the outcome.

Online Experiments

Research studies conducted over the internet, allowing for the collection of data from a broad geographic distribution of participants.