The Practice and Theory of Unconventional Monetary Policy

Haruhiko Kuroda
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Haruhiko Kuroda: Bank of Japan

Chapter 1 in Contemporary Issues in Macroeconomics, 2016, pp 7-14 from Palgrave Macmillan

Abstract: Abstract It is my great honor to have the opportunity to deliver a speech at the 17th World Congress of the International Economic Association. The topic of this session, “Monetary Policy in A Post-Crisis World,” is currently one of the most critical topics for central banks around the world. Following the global financial crisis triggered by the collapse of Lehman Brothers, the Federal Reserve (Fed) and the Bank of England (BOE) introduced unconventional monetary policy measures such as quantitative easingand forward guidance, which in turn has given rise to a growing body of theoretical research on these measures.

Keywords: Monetary Policy; Central Bank; Real Estate Investment Trust; Unconventional Monetary Policy; Monetary Ease (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-137-52958-9_2

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DOI: 10.1057/9781137529589_2

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