Perils of unconventional monetary policy

Unconventional monetary policy, by relaxing restrictions on the composition of the balance sheet of the central bank, compromises control over the stochastic path of inflation; or, in open economies, over the stochastic path of exchange rates. If the composition of the balance sheet is unrestricted...

Cijeli opis

Bibliografski detalji
Glavni autori: McMahon, MF, Peiris, U, Polemarchakis, H
Format: Journal article
Jezik:English
Izdano: Elsevier 2018

Slični predmeti