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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Hlavní autor: Bayoumi, Tamim
Další autoři: Dell'Ariccia, Giovanni, Habermeier, Karl, Mancini Griffoli, Tommaso
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2014.
Edice:Staff Discussion Notes; Staff Discussion Notes ; No. 2014/003
On-line přístup:Full text available on IMF
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100 1 |a Bayoumi, Tamim. 
245 1 0 |a Monetary Policy in the New Normal /  |c Tamim Bayoumi, Giovanni Dell'Ariccia, Karl Habermeier, Tommaso Mancini Griffoli. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2014. 
300 |a 1 online resource (49 pages) 
490 1 |a Staff Discussion Notes 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Dell'Ariccia, Giovanni. 
700 1 |a Habermeier, Karl. 
700 1 |a Mancini Griffoli, Tommaso. 
830 0 |a Staff Discussion Notes; Staff Discussion Notes ;  |v No. 2014/003 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/006/2014/003/006.2014.issue-003-en.xml  |z IMF e-Library