Monetary policy in the grip of a pincer movement

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dc.contributor.authorBorio, Claudio
dc.contributor.authorDisyatat, Piti
dc.contributor.authorJuselius, Mikael
dc.contributor.authorRungcharoenkitkul, Phurichai
dc.date.accessioned2019-11-01T00:08:36Z
dc.date.available2019-11-01T00:08:36Z
dc.date.issued2019
dc.descriptionMonetary policy has come under strain since the global financial crisis (GFC) of 2007–09. Once the GFC broke out central banks’ swift and determined response was essential to stabilise markets and to avoid a self-reinforcing downward spiral between the financial system and the real economy. But putting the economy back onto a robust balanced and sustainable path has proved much harder than expected. This has been so despite the adoption of extraordinary measures which would have been simply unthinkable just a few years back.
dc.file.nameBCCh-sbc-v26-p311_356
dc.format.pdf
dc.format.extentSecciĂłn o Parte de un Documento
dc.format.mediump. 311-356
dc.identifier.isbn978-956-7421-60-2
dc.identifier.urihttps://hdl.handle.net/20.500.12580/3873
dc.language.isoeng
dc.publisherBanco Central de Chile
dc.relation.ispartofSeries on Central Banking Analysis and Economic Policies no. 26
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectPOLÍTICA MONETARIAes_ES
dc.subjectCRISIS FINANCIERAes_ES
dc.subjectBANCOS CENTRALESes_ES
dc.titleMonetary policy in the grip of a pincer movement
dc.type.docArtĂ­culo

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