UNCONVENTIONAL MONETARY POLICIES: AN APPRAISAL

Claudio Borio and Piti Disyatat

Manchester School, 2010, vol. 78, issue s1, 53-89

Abstract: This paper sets out a framework for classifying and thinking about unconventional monetary policies, highlighting how they can be viewed within the overall context of monetary policy implementation. The framework clarifies the differences among the various forms of unconventional monetary policy, provides a systematic characterization of the wide range of central bank responses to the recent crisis, helps to underscore the channels of transmission and identifies some of the main policy challenges. In the process, the paper also addresses a number of contentious analytical issues, notably the role of bank reserves and their inflationary consequences.

Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (177)

Downloads: (external link)
https://doi.org/10.1111/j.1467-9957.2010.02199.x

Related works:
Chapter: Unconventional monetary policies: a re-appraisal (2018)
Working Paper: Unconventional monetary policies: a re-appraisal (2016)
Working Paper: Unconventional monetary policies: an appraisal (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:manchs:v:78:y:2010:i:s1:p:53-89

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1463-6786

Access Statistics for this article

Manchester School is currently edited by Keith Blackburn

More articles in Manchester School from University of Manchester Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().