Managing Monetary Policy Normalization
Managing Monetary Policy Normalization
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St. Louis: Federal Reserve Bank of St. Louis
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English
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St. Louis: Federal Reserve Bank of St. Louis
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We propose a new framework for monetary policy analysis to study monetary policy normalization when exiting a liquidity trap. The optimal combination of reserves and interest rate policy requires an increase in liquidity (reserves) a few quarters after the policy rate is set at the effective lower bound. Removal of accommodation requires that quant...
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Managing Monetary Policy Normalization
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TN_cdi_proquest_journals_2664653598
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https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_2664653598
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https://www.proquest.com/docview/2664653598?pq-origsite=primo&accountid=13902
