Author : Evan Karson
Release : 2022
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis More Stories of Unconventional Monetary Policy by : Evan Karson
Download or read book More Stories of Unconventional Monetary Policy written by Evan Karson. This book was released on 2022. Available in PDF, EPUB and Kindle. Book excerpt: This article extends the work of Fawley and Neely (2013) to describe how major central banks have evolved unconventional monetary policies to encourage real activity and maintain stable inflation rates from 2013 through 2019. By 2013, central banks were moving from lump-sum asset purchase programs to continuing asset purchase programs, which are conditioned on economic conditions, careful communication strategies, bank lending programs with incentives and negative interest rates. This article reviews how central banks tailored their unconventional monetary methods to their various challenges and the structures of their respective economies.