Panacea, curse, or nonevent? : unconventional monetary policy in the United Kingdom / prepared by André Meier.
The Bank of England's current ""quantitative easing"" strategy has given rise to a controversial debate about the effects and risks of unconventional monetary policy. The present paper makes two contributions to this debate. First, it provides a systematic overview of unconv...
Saved in:
| Online Access: |
Full Text (via ProQuest) |
|---|---|
| Main Author: | |
| Corporate Author: | |
| Format: | eBook |
| Language: | English |
| Published: |
[Washington, D.C.] :
International Monetary Fund,
©2009.
|
| Series: | IMF working paper ;
WP/09/163. |
| Subjects: |
MARC
| LEADER | 00000cam a2200000 a 4500 | ||
|---|---|---|---|
| 001 | b9646062 | ||
| 003 | CoU | ||
| 005 | 20220930060851.0 | ||
| 006 | m o d | ||
| 007 | cr ||||||||||| | ||
| 008 | 100722s2009 dcua ob 000 0 eng d | ||
| 019 | |a 712987764 |a 764533034 |a 961556324 |a 962613478 |a 968290381 |a 988406825 |a 992098239 |a 1037760960 |a 1038577451 |a 1044566732 |a 1045549523 |a 1055340630 |a 1058435957 |a 1065709244 |a 1081280048 |a 1107327099 |a 1114481350 |a 1153562290 |a 1202539189 |a 1228547607 | ||
| 020 | |a 1451917384 | ||
| 020 | |a 9781451917383 | ||
| 020 | |z 9781451873108 | ||
| 020 | |z 1451873107 |q (Trade Paper) | ||
| 024 | 8 | |a 10.5089/9781451917383.001 | |
| 035 | |a (OCoLC)ebqac649743572 | ||
| 035 | |a (OCoLC)649743572 |z (OCoLC)712987764 |z (OCoLC)764533034 |z (OCoLC)961556324 |z (OCoLC)962613478 |z (OCoLC)968290381 |z (OCoLC)988406825 |z (OCoLC)992098239 |z (OCoLC)1037760960 |z (OCoLC)1038577451 |z (OCoLC)1044566732 |z (OCoLC)1045549523 |z (OCoLC)1055340630 |z (OCoLC)1058435957 |z (OCoLC)1065709244 |z (OCoLC)1081280048 |z (OCoLC)1107327099 |z (OCoLC)1114481350 |z (OCoLC)1153562290 |z (OCoLC)1202539189 |z (OCoLC)1228547607 | ||
| 037 | |a ebqac1608392 | ||
| 040 | |a CUS |b eng |e pn |c CUS |d E7B |d OCLCQ |d SNK |d OCLCQ |d OCLCA |d OCLCQ |d OCLCA |d OCLCF |d EBLCP |d MHW |d DKDLA |d OCLCO |d OCLCQ |d YDXCP |d OCLCQ |d CUS |d LOA |d COCUF |d MERUC |d MOR |d PIFAG |d ZCU |d OCLCQ |d OCLCO |d U3W |d STF |d WRM |d ICG |d CEF |d VT2 |d AU@ |d WYU |d DKC |d OCLCQ |d HS0 |d OCLCQ |d UKCRE |d BOL |d OCLCQ |d OCLCO |d OCLCQ | ||
| 043 | |a e-uk--- | ||
| 049 | |a GWRE | ||
| 050 | 4 | |a HG3810 | |
| 100 | 1 | |a Meier, Andre, |e author. | |
| 245 | 1 | 0 | |a Panacea, curse, or nonevent? : |b unconventional monetary policy in the United Kingdom / |c prepared by André Meier. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, |c ©2009. | ||
| 300 | |a 1 online resource (47 pages) : |b color illustrations. | ||
| 336 | |a text |b txt |2 rdacontent. | ||
| 337 | |a computer |b c |2 rdamedia. | ||
| 338 | |a online resource |b cr |2 rdacarrier. | ||
| 340 | |g polychrome. |2 rdacc. | ||
| 347 | |a text file |2 rdaft. | ||
| 490 | 1 | |a IMF working paper ; |v WP/09/163. | |
| 504 | |a Includes bibliographical references (pages 45-47) | ||
| 505 | 0 | |a Table of Contents; I. Introduction; Figure 1: Interest Rates and Central Bank Balance Sheets, 2008-09; II. Rationale for Unconventional Monetary Policy; III. Scope for Unconventional Operations; A. Theoretical Benchmark: Skepticism about Effectiveness; B. Two General Objections to the Skeptics' View; IV. Specific Policy Options; A. Announcement to Keep Short-Term Rates Low for an Extended Period; B. Fixed-rate Refinancing Operations with Extended Maturity; C. Asset Purchases; Qualitative easing; Quantitative easing; Box 1: Do Explicit Asset Price Targets Provide a Foolproof Solution? | |
| 505 | 8 | |a v. Risks and Mitigation StrategiesA. Uncertainty About the Right Dosage, Timing, and Exit; B. Financial Risks; C. Political Risks; D. Appropriate Risk Mitigation; VI. Unconventional Monetary Policy in the United Kingdom; VII. Gauging the Effectiveness of Unconventional Policies; A. Methodological Issues; B. Tentative Evidence; VIII. Comparison with Other Advanced Country Central Banks; A. Type of Unconventional Operations; Communication about future policy rates; Longer-term fixed-rate refinancing operations; Asset purchases; B. Size and Scope of Asset Purchases; C. Approaches to Risk. | |
| 520 | |a The Bank of England's current ""quantitative easing"" strategy has given rise to a controversial debate about the effects and risks of unconventional monetary policy. The present paper makes two contributions to this debate. First, it provides a systematic overview of unconventional policy options, drawing from existing theoretical and empirical studies. Against this backdrop, it then analyzes the BoE's specific policies, discussing their effectiveness so far and putting them into a cross-country context. Tentative evidence on the BoE's quantitative easing is moderately encouraging, although t. | ||
| 588 | 0 | |a Print version record. | |
| 650 | 0 | |a Banks and banking, Central |z Great Britain. | |
| 650 | 0 | |a Monetary policy |z Great Britain. | |
| 650 | 7 | |a Banks and banking, Central. |2 fast |0 (OCoLC)fst00827036. | |
| 650 | 7 | |a Monetary policy. |2 fast |0 (OCoLC)fst01025230. | |
| 651 | 7 | |a Great Britain. |2 fast |0 (OCoLC)fst01204623. | |
| 710 | 2 | |a International Monetary Fund. |b European Department. | |
| 776 | 0 | 8 | |i Print version: |a Meier, Andre. |t Panacea, curse, or nonevent? |d [Washington, DC?] : International Monetary Fund, ©2009 |w (OCoLC)608678689. |
| 830 | 0 | |a IMF working paper ; |v WP/09/163. | |
| 856 | 4 | 0 | |u https://ebookcentral.proquest.com/lib/ucb/detail.action?docID=1608392 |z Full Text (via ProQuest) |
| 907 | |a .b96460623 |b 02-20-23 |c 10-03-17 | ||
| 998 | |a web |b - - |c f |d b |e z |f eng |g dcu |h 0 |i 2 | ||
| 915 | |a - | ||
| 956 | |a Ebook Central Academic Complete | ||
| 956 | |b Ebook Central Academic Complete | ||
| 999 | f | f | |i 00be9e05-30eb-5658-aaf1-e830dad2d58a |s 50c65dd6-fe83-5c78-8640-b0c2d4b40544 |
| 952 | f | f | |p Can circulate |a University of Colorado Boulder |b Online |c Online |d Online |e HG3810 |h Library of Congress classification |i web |n 1 |