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Should unconventional monetary policies become conventional? /
The large recession that followed the Global Financial Crisis of 2008-09 triggered unprecedented monetary policy easing around the world. Most central banks in advanced economies deployed new instruments to affect credit conditions and to provide liquidity at a large scale after shortterm policy rat...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
[2017]
|
| Colección: | IMF working paper ;
WP/17/85. |
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Cover; Table of Contents; 1 Introduction; 2 The Model; 2.1 Non-Financial Firms; 2.1.1 Intermediate Goods Producers; 2.1.2 Capital Goods Producers; 2.2 Financial Intermediaries; 2.2.1 Corporate Long-Term Bonds; 2.2.2 Long-Term Government Bonds; 2.2.3 Banking Sector; 2.3 Households and Wage Setting; 2.4 The Government; 3 Model Estimation; 3.1 Parameter Estimates; 4 Model Fit; 5 Implementing UMP in the Model; 5.1 Direct Lending to Firms; 5.2 Purchases of Government Bonds; 5.3 The Effects of UMP; 6 Welfare Analysis; 6.1 Using The Estimated Taylor Rule; 6.1.1 Optimal Coefficients.
- 6.1.2 Impulse Response Analysis6.2 Using Alternative Monetary Policy Rules; 7 Conclusions; References.