Sentences with phrase «unconventional monetary policy tools»
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).
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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).
A final lesson I must touch on is that very low interest rates — and the unconventional monetary policy tools that can be deployed to enhance their effects — tend to create financial imbalances that can grow through time.
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.
Given this outlook, it may seem like an odd time to be updating our unconventional monetary policy tool kit.
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.
A third unconventional monetary policy tool that has been developed since 2009 is called funding for credit.
Not exact matches
In this situation, it may be easier to implement a tighter monetary policy through raising rates, than it would be to implement a looser policy using unconventional tools.
At the same time, in many countries, conventional tools of monetary policy have been exhausted with policy interest rates at zero, resulting in the widespread application of unconventional policy responses.
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.