Central banks around the world have taken a wide range of non-standard monetary policy measures, including large-scale purchases of public and private sector financial assets, providing explicit forward guidance about future interest rates and cutting interest rates into negative territory. The aim of this workshop is to bring together central bankers, academics and market participants to discuss the effectiveness, transmission, potential side effects and future role of the various measures implemented in recent years. Viral Acharya (Reserve Bank of India) and Gauti Eggertsson (Brown University) have kindly agreed to deliver key note lectures.
We welcome theoretical and empirical contributions on topics including:
The transmission of non-standard monetary policy measures and their effects on market functioning, financial markets and the real economy
The interaction of non-standard monetary policy measures with standard monetary policy, fiscal policy, macro- and microprudential regulation
The potential side effects associated with non-standard monetary policy measures, especially for financial stability
The distributional consequences of non-standard monetary policy measures
The implementation and communication challenges associated with the unwinding of non-standard monetary policy measures and/or exiting a zero or negative interest rate environment
The lessons learned from the experience with non-standard monetary policy measures for monetary policy implementation in “normal” times, and possible ways forward
09月11日
2017
09月12日
2017
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