| 書目名稱 | Monetary Policy Implementation | | 副標(biāo)題 | Exploring the ‘New N | | 編輯 | Angelo Baglioni | | 視頻video | http://file.papertrans.cn/639/638794/638794.mp4 | | 概述 | Addresses the implementation of monetary policy (MP) and focuses on the operations used by the central banks.Combines some features of Interest rate Steering with others inherited from the Quantitativ | | 圖書封面 |  | | 描述 | .This book addresses the implementation of monetary policy (MP) and focuses on the operations used by the central banks to implement their policies: the so-called operational framework of MP. The operational framework has become of paramount importance in the last fifteen years, due to the profound transformations taking place in this period. The financial crisis, started in August 2007, has rapidly changed the way in which MP is implemented around the world. Further, innovations have been introduced to address other crises in the following years: a new set of “unconventional” instruments have been adopted, like the large-scale purchases of private and government securities and the long-term refinancing operations. The balance sheets of central banks have increased by huge amounts. The recent surge of inflation has induced several central banks to exit those exceptional policies. However, instead of going back to the traditional “interest rate steering” approach, they are going towards a “new normal” that combines some features of that approach with others inherited from the “quantitative easing” experience. The book therefore addresses the following questions: Which are the common | | 出版日期 | Book 2024 | | 關(guān)鍵詞 | Monetary policy; Monetary economics; The operational framework of MP; the Federal Reserve System; Centr | | 版次 | 1 | | doi | https://doi.org/10.1007/978-3-031-53885-8 | | isbn_softcover | 978-3-031-53887-2 | | isbn_ebook | 978-3-031-53885-8 | | copyright | The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerl |
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