Unconventional Monetary Policies - Recent Experiences and Prospects

This paper addresses three questions about unconventional monetary policies.
Volume/Issue: Volume 2013 Issue 030
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Banks and Banking , Money and Monetary Policy , PP , transmission mechanism , money market , balance sheet , bond purchase , excess reserves , exchange rate , Fed liquidity injection , price level , reaction function , yield curve , foreign exchange , net present value , comprehensive monetary easing , Bonds , Bond yields , Yield curve , Unconventional monetary policies , Sovereign bonds , Global

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Summary

This paper addresses three questions about unconventional monetary policies. First, what policies were tried, and with what objectives? Second, were policies effective? And third, what role might these policies continue to play in the future?

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