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Monetary Policy in the New Normal
Mr.Tamim Bayoumi
Mr.Giovanni Dell'Ariccia
Mr.Karl F Habermeier
Mr.Tommaso Mancini Griffoli
Mr.Fabian Valencia
出版
International Monetary Fund
, 2014-04-04
主題
Business & Economics / Banks & Banking
Business & Economics / Inflation
Business & Economics / Finance / General
ISBN
1475516495
9781475516494
URL
http://books.google.com.hk/books?id=i5CAAwAAQBAJ&hl=&source=gbs_api
EBook
SAMPLE
註釋
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.
