Review Monetary Policy Alternatives at the Zero Bound

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Monetary Policy Alternatives at the Zero Bound High quality books

Monetary Policy Alternatives at the Zero Bound
By:Ben S. Bernanke,Vincent R. Reinhart,Brian P. Sack
Published on 2009-03 by Bnpublishing.Com

The success over the years in reducing inflation and, consequently, the average level of nominal interest rates has increased the likelihood that the nominal policy interest rate may become constrained by the zero lower bound. When that happens, a central bank can no longer stimulate aggregate demand by further interest-rate reductions and must rely on |non-standard| policy alternatives. To assess the potential effectiveness of such policies, we analyze the behavior of selected asset prices over short periods surrounding central bank statements or other types of financial or economic news and estimate |noarbitrage| models of the term structure for the United States and Japan. There is some evidence that central bank communications can help to shape public expectations of future policy actions and that asset purchases in large volume by a central bank would be able to affect the price or yield of the targeted asset.

This Book was ranked at 15 by Google Books for keyword Credit channel.

Book ID of Monetary Policy Alternatives at the Zero Bound's Books is lvhzPwAACAAJ, Book which was written byBen S. Bernanke,Vincent R. Reinhart,Brian P. Sackhave ETAG "zWgoorHqkPM"

Book which was published by Bnpublishing.Com since 2009-03 have ISBNs, ISBN 13 Code is 9781607961055 and ISBN 10 Code is 1607961059

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Book which have "120 Pages" is Printed at BOOK under CategoryBusiness and Economics

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