Central banks have been undertaking a programme, known
as unconventional monetary policy, called quantitative easing (QE).
Not exact matches
Last week Abe also nominated academic Kikuo Iwata, who supports
unconventional monetary policy, and BOJ official Hiroshi Nakaso, who has hands - on knowledge of the central bank's inner workings,
as the BOJ's next two deputy governors.
Alarm because it suddenly seemed that unwinding
unconventional monetary policies (UMP) might not be
as straightforward and painless
as many had thought or at least had hoped.
As the Great Recession set in, the Fed dropped its interest rate target to close to zero, and then was forced to use
unconventional monetary policy tools including quantitative easing.
International
Monetary Fund Managing Director Christine Lagarde urged
policy makers to work more closely together
as they plan eventual exits from
unconventional monetary policies, endorsing swap arrangements between central banks
as an instrument to weather instability.
The Bank of Canada is applying lessons from the global financial crisis
as it updates its framework for the use of
unconventional monetary policy measures, Governor Stephen S. Poloz said.
Unconventional monetary policy seems to have run its course in the US and Japan
as well.
Many people are familiar with the FED's
monetary policy responsibilities, including the FOMC meetings, Federal Funds Rate decisions, Fed Chair's press conference,
as well
as various
unconventional policies.
The Federal Reserve's
unconventional monetary policy has robbed it of the ability to influence interest rates
as it has in the past.
In the second half of their analysis, Amstad and Martin consider how the four central banks have chosen to manage the expanded balance sheets they acquired during the financial crisis
as a result of
unconventional monetary policy actions.