That would mean using
more unconventional monetary policies, and the issue becomes how effective are these policies, and would you want them to become, in effect, conventional policies.
Not exact matches
But, from another perspective, we have less experience operating with
unconventional monetary policy and this creates
more potential uncertainties.
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 fourth
unconventional monetary policy tool I want to cover is negative interest rates, which is something you have heard a lot
more about recently.
On a
more positive note politically, however, in recent months there has been a rising expectation that governments will increasingly start to focus
more intently on fiscal stimulus, and we expect this theme to gain some traction in a number of major economies given the diminishing returns of
unconventional monetary policy.
Of course central banks have tried to hand that baton over before and some event has forced them to revert to ever
more unconventional forms of
monetary policy.
In recent years,
unconventional monetary policy has become
more common.
Since the onset of the financial crisis, the Fed's
unconventional monetary policy has inadvertently suppressed volatility, encouraging market participants to hold
more risk assets across equity and fixed income.
In recent years,
unconventional monetary policy has become
more common.