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Monetary Policy in the New Normal

Karl Friedrich Habermeier

0/5 ( ratings)

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.

Language: English

Pages: 74

Format: Kindle Edition

Publisher: INTERNATIONAL MONETARY FUND

Release: April 04, 2014

Monetary Policy in the New Normal

Karl Friedrich Habermeier

0/5 ( ratings)

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.

Language: English

Pages: 74

Format: Kindle Edition

Publisher: INTERNATIONAL MONETARY FUND

Release: April 04, 2014

More books from Karl Friedrich Habermeier

Capital Controls: Country Experiences with Their Use and Liberalization (Occasional Paper (International Monetary Fund))

Managing Capital Inflows: What Tools to Use?

United Germany: The First Five Years: Performance and Policy Issues: The First Five Years - Performance and Policy Issu (Occasional Paper (Intl Monetary Fund))

Exchange Arrangements and Foreign Exchange Markets: Development and Issues (World Economic and Financial Surveys)

Capital Inflows: The Role of Controls: 10

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