Monetary Policy in the New Normal /

The proposed SDN would take stock of the current debate on the shape that monetary policy should take after the crisis. It revisits the pros and cons of expanding the objectives of monetary policy, the merits of turning unconventional policies into conventional ones, how to make monetary policy fram...

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Detalles Bibliográficos
Autor principal: Bayoumi, Tamim
Otros Autores: Dell'Ariccia, Giovanni, Habermeier, Karl, Mancini Griffoli, Tommaso
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2014.
Colección:Staff Discussion Notes; Staff Discussion Notes ; No. 2014/003
Acceso en línea:Full text available on IMF
Descripción
Sumario:The proposed SDN would take stock of the current debate on the shape that monetary policy should take after the crisis. It revisits the pros and cons of expanding the objectives of monetary policy, the merits of turning unconventional policies into conventional ones, how to make monetary policy frameworks more resilient to the risk of being constrained by the zero-lower bound going forward, and the institutional challenges to preserve central bank independence with regards to monetary policy, while allowing adequate government oversight over central banks' new responsibilities. It will draw policy conclusions where consensus has been reached, and highlight the areas where more work is needed to get more granular policy advice.
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Descripción Física:1 online resource (49 pages)
Formato:Mode of access: Internet
ISSN:2617-6750
Acceso:Electronic access restricted to authorized BRAC University faculty, staff and students