G2TT
来源类型Report
规范类型报告
Geneva 18: What Else Can Central Banks Do
Laurence Ball; Joseph Gagnon; Patrick Honohan; Signe Krogstrup
发表日期2016-09-02
出处Geneva Reports on the World Economy
出版年2016
语种英语
摘要Central banks can do more to stimulate economies and restore full employment, even when nominal interest rates are near zero. Quantitative easing has had beneficial effects already and can be expanded; policymakers can push interest rates substantially below zero. Central banks can also increase their scope for countercyclical policy by raising their inflation targets modestly. Eventually, the trend toward cashless economies may eliminate completely the problems arising from the lower bound on interest rates. The 18th Geneva Report on the World Economy seeks to provide policymakers with a developed selection of stimulus methods in order to tackle secular stagnation in advanced economies. With most options having already been explored, this report contributes to current stimulus policies and how they can be expanded and implemented to greater effect.
URLhttps://cepr.org/publications/books-and-reports/geneva-18-what-else-can-central-banks-do
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/529144
推荐引用方式
GB/T 7714
Laurence Ball,Joseph Gagnon,Patrick Honohan,et al. Geneva 18: What Else Can Central Banks Do. 2016.
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