Advancing the Monetary Policy Toolkit through Outright Transfers /
This paper argues that in reserve currency issuing economies at the effective lower bound, outright transfers from the central bank to households are both more equitable and more effective in achieving monetary policy objectives than asset purchases or negative interest rates. It shows that concerns...
| Autor principal: | |
|---|---|
| Formato: | Revista |
| Lenguaje: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2022.
|
| Colección: | IMF Working Papers; Working Paper ;
No. 2022/087 |
| Materias: | |
| Acceso en línea: | Full text available on IMF |