Non-standard monetary policy measures for selected Central banks
The main focus of this paper is presentation of non-standard monetary policy measures of selected central banks. The banks which are subject of analysis are Federal Reserve Bank, European Central Bank, Bank of England and Bank of Japan. All the aforementioned central banks have begun to apply non-st...
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| Format: | Article |
| Language: | English |
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University of Pristina in Kosovska Mitrovica, Faculty of Economics
2019-01-01
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| Series: | Ekonomski Pogledi |
| Subjects: | |
| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/1450-7951/2019/1450-79511901035M.pdf |
| _version_ | 1827294264768331776 |
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| author | Martin Vesna |
| author_facet | Martin Vesna |
| author_sort | Martin Vesna |
| collection | DOAJ |
| description | The main focus of this paper is presentation of non-standard monetary policy measures of selected central banks. The banks which are subject of analysis are Federal Reserve Bank, European Central Bank, Bank of England and Bank of Japan. All the aforementioned central banks have begun to apply non-standard monetary policy measures since the global financial and economic crisis, which has led that inflation rate in a long-term be below the target level. In case of the Federal Reserve Bank non-standard policy actions were implementing to put downward pressure on real longer-term interest rates and more generally to improve overall financial and economic conditions. The European Central Bank goal in using non-standard monetary policy is to return inflation rate to levels below, but close to, 2% over the medium term, while in case of the Bank of England it was response to the North Atlantic banking crisis and to a sharp downturn in domestic economic prospects. The Bank of Japan aim is to fight against deflation and to reach inflation target of 2%. |
| first_indexed | 2024-04-24T13:57:07Z |
| format | Article |
| id | doaj.art-a69b789ce7664269ba2bf2ba2781acf1 |
| institution | Directory Open Access Journal |
| issn | 1450-7951 2334-7570 |
| language | English |
| last_indexed | 2024-04-24T13:57:07Z |
| publishDate | 2019-01-01 |
| publisher | University of Pristina in Kosovska Mitrovica, Faculty of Economics |
| record_format | Article |
| series | Ekonomski Pogledi |
| spelling | doaj.art-a69b789ce7664269ba2bf2ba2781acf12024-04-03T17:31:43ZengUniversity of Pristina in Kosovska Mitrovica, Faculty of EconomicsEkonomski Pogledi1450-79512334-75702019-01-01211355210.5937/EkoPog1901035M1450-79511901035MNon-standard monetary policy measures for selected Central banksMartin Vesna0https://orcid.org/0000-0002-5612-7452The National Bank of Serbia, Belgrade, SerbiaThe main focus of this paper is presentation of non-standard monetary policy measures of selected central banks. The banks which are subject of analysis are Federal Reserve Bank, European Central Bank, Bank of England and Bank of Japan. All the aforementioned central banks have begun to apply non-standard monetary policy measures since the global financial and economic crisis, which has led that inflation rate in a long-term be below the target level. In case of the Federal Reserve Bank non-standard policy actions were implementing to put downward pressure on real longer-term interest rates and more generally to improve overall financial and economic conditions. The European Central Bank goal in using non-standard monetary policy is to return inflation rate to levels below, but close to, 2% over the medium term, while in case of the Bank of England it was response to the North Atlantic banking crisis and to a sharp downturn in domestic economic prospects. The Bank of Japan aim is to fight against deflation and to reach inflation target of 2%.https://scindeks-clanci.ceon.rs/data/pdf/1450-7951/2019/1450-79511901035M.pdfnon-standard monetary policy measuresglobal financial crisesquantitative easing |
| spellingShingle | Martin Vesna Non-standard monetary policy measures for selected Central banks Ekonomski Pogledi non-standard monetary policy measures global financial crises quantitative easing |
| title | Non-standard monetary policy measures for selected Central banks |
| title_full | Non-standard monetary policy measures for selected Central banks |
| title_fullStr | Non-standard monetary policy measures for selected Central banks |
| title_full_unstemmed | Non-standard monetary policy measures for selected Central banks |
| title_short | Non-standard monetary policy measures for selected Central banks |
| title_sort | non standard monetary policy measures for selected central banks |
| topic | non-standard monetary policy measures global financial crises quantitative easing |
| url | https://scindeks-clanci.ceon.rs/data/pdf/1450-7951/2019/1450-79511901035M.pdf |
| work_keys_str_mv | AT martinvesna nonstandardmonetarypolicymeasuresforselectedcentralbanks |