Mr. Rajan added that the public may choose to look through current «unnatural» asset price inflation induced
by unconventional monetary policies and instead exercise prudence in risk management on concerns of future volatility.
Barely - there interest rates, made possible
by unconventional monetary policy since the last recession, have driven investors into dividend - paying products, and that has pushed P / Es higher.
«
By their unconventional monetary policy measures central banks have increasingly taken over critical market functions.
Not exact matches
Advanced and developing economies have done a good job managing the implications of
unconventional monetary policies, she said, using a phrase that often describes asset purchases
by a central bank to support growth.
TALKING THE TALK Aside from their discussion over the stance of
monetary policy, officials likely continued to debate fine - tuning their communications strategy
by adopting numerical thresholds for economic variables that would guide the central bank's
unconventional stimulus.
This is the second guest post
by Greg Shill, a lawyer and fellow at NYU School of Law, on the legal scope of the Fed's powers in the area of
unconventional monetary policy.
Alternative Money University will help 30 qualified students to develop such an understanding
by participating in an intensive academic workshop about
monetary history, the theory and practice of
monetary policy, and the workings of
unconventional monetary arrangements.
A non-standard
monetary policy — or
unconventional monetary policy — is a tool used
by a central bank or other
monetary authority that falls out of line with traditional measures.
In this regard, the
unconventional monetary policy has reinforced the recession
by stimulating the private sector's money demand through pursuing an excessively low interest rate
policy (i.e., the zero - interest rate
policy).3
By December 2007, the Fed turned to
unconventional monetary policy tools, including credit easing, quantitative easing,
policy duration commitment, and payment of interest on reserves (see the appendix for details).
By December 2007, the Fed turned to
unconventional monetary policy tools, including credit easing, quantitative easing,
policy duration commitment, and payment of interest on reserves (see the appendix for details).